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Suppose that B2B, Inc., has a capital structure of 35 percentequity, 16 percent preferred stock, and 49 percent debt. Assume thebefore-tax component costs of equity, preferred stock, and debt are15.0 percent, 12.0 percent, and 10.0 percent, respectively. What isB2B’s WACC if the firm faces an average tax rate of 30 percent?(Round your answer to 2 decimal places.)