Calculate the Weighted Average Cost of Capital (WACC) based upon the following parameters (round to...

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Finance

Calculate the Weighted Average Cost of Capital (WACC) based upon the following parameters (round to 2 decimal places):

Assets $800 Return on Common Equity (re) 16%

Long-Term Debt $400 Return on Long-Term Debt (rd) 8%

Tax Rate (t) 40% Return on Preferred Stock (rp) 12%

Weight of Preferred Stock (wp) 10%

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