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Business, 21.04.2020 16:13 coralstoner6793

The following market information was gathered for the corporation. The firm has 1,000 bonds outstanding, each selling for $1,100 with a required return of 8%. It has 5,000 shares of preferred stock outstanding selling for $40.00 per share and 50,000 shares of common stock outstanding selling for $18 per share. If the the preferred stock has a required return of 11%, and the common stock requires a 14% return, and the firm has a corporate tax rate of 30%, then calculate the firm's WACC adjusted for taxes.

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