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You were hired as a consultant to Giambono Company, whose target capital structure is 40%...

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You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 3.09 %, the cost of preferred is 9.47 %, and the cost of retained earnings is 12.76 %. The firm will not be issuing any new stock. What is its WACC? Your

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