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Reactive Power Generation has the following capital structure. Its corporate tax rate is 40%. What...

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Finance

Reactive Power Generation has the following capital structure. Its corporate tax rate is 40%.

What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Security Market Value Required Rate of Return
Debt $ 20 million 4 %
Preferred stock 10 million 6
Common stock 50 million 10

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