Capital structure-What is its WACC

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Reactive Industries has the following capital structure. Its corporate tax rate is 30%. Security Market Value Required Rate of Return Debt $10 million 6% Preferred stock 30 million 8 Common stock 60 million 12 What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC %

Reference no: EM131020574

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