Business, 19.10.2021 01:50 lavi6183

You were hired as a consultant to ToTo Company, whose target capital structure is 40% debt, 25% preferred, and the rest is common equity. The after-tax cost of debt is 8%, the cost of preferred is 9%, and the cost of retained earnings is 25%. The firm will not be issuing any new stock. What is its WACC

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