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Business, 06.07.2021 15:40 briseno2511

You were hired as a consultant to Gambino Company, whose target capital structure is 60% debt, 15% preferred, and 25% common equity. The before-tax cost of debt is 8.00%, the cost of preferred is 7.02%, and the cost of retained earnings is 15.75%. the tax rate is 22%. The firm will not be issuing any new stock. What is its WACC

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