Reactive power generation has the following capital, Financial Management

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Reactive power generation has the following capital

Reactive Power Generation has the following capital structure. Its corporate tax rate is 20%. Security Market Value Required Rate of Return Debt $ 20 million 6 % Preferred stock 20 million 8 Common stock 40 million 12 What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Reference links

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Financial Management: Reactive power generation has the following capital

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