If the preferred stock has a required rate of return of

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The following market information was gathered for the Blender Corporation. The firm has 1,000 bonds outstanding, each selling for $1,100 with a required rate of return of 8.00%. Blenders has 5,000 shared of preferred stock outstanding, selling for $40.00 per share and 50,000 shares of common stock outstanding, selling for $18.00 per share. If the preferred stock has a required rate of return of 11.00% and the common stock requires a 14.00% return, and the firm has a corporate tax rate of 30%, then calculate the firm's WACC adjusted for taxes.

Reference no: EM13576046

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