Bleakly enterprises has a capital structure of 65 percent, Ask an Expert

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Bleakly Enterprises has a capital structure of 65 percent common stock, 10 percent preferred stock, and 25 percent debt. The flotation costs are 5 percent for debt, 6 percent for preferred stock, and 8 percent for common stock. The corporate tax rate is 30 percent. What is the weighted average flotation cost?

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