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QUESTION

Foe Corporation's has the capital structure given below:

has the capital structure given below:

Debt (at market value)                                         $2,000,000

Preferred stock (at market value)                        $600,000

Common stock (at market value)                    $ 3,000,000

Assuming the market weight are also the target weights for Foe Corp. please calculate the weights that should be used to find the weighted average cost of capital for Foe Corp.

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