(Answered) Scholes industries has a target capital structure

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Scholes Industries has a target capital structure consisting of 40% debt, 15% preferred stock, and 45% common equity. The before tax YTM on Scholes's long term bonds is 9.5%, its cost of preferred stock is 8%, and its cost of equity is 12.5% if the firms tax rate is 40%, what is Scholes's WACC?

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