Debt with a yield to maturity

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ABC Company has debt with a yield to maturity of 7%, a cost of common stock of 13%, and a cost of preferred stock 9%. The market values of its debt, preferred stock, and common stock are $10 millions. $3 millions, and $15 million, respectively, and its tax rate is 40%. What is this firm's WACC?

Reference no: EM13940286

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