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Rogue Drafting has debt with a book value of $420,000, market value of $400,000, preferred stock with a book value of $50,000, market value of $100,000, and common stock with a book value of $100,000, market value of $500,000. If debt has a cost of 7%, preferred stock a cost of 10%, common stock a cost of 13%, and the firm has a tax rate of 30%, what is the WACC? (round to three decimal place, i.e., if 12.34%, then input 0.123; if 23.45%, input 0.235)
Sagot :
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