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Intro Idaho Engineering Inc. has a target capital structure of 23% debt, 10% preferred stock...

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Intro Idaho Engineering Inc. has a target capital structure of 23% debt, 10% preferred stock and 67% common stock. The interest rate on new debt is 5.5% (before taxes), the yield on preferred stock is 8% and the cost of retained earnings is 13%. The firm will not be issuing any new stock, and the tax rate is 31%. 16 - Attempt 1/5 for 2 pts. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit

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