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05. Enzo, Inc. has a target capital structure of 60% debt and 40% common equity and is in the 40% marginal tax rate. If Enzo's

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05. Enzo, Inc. has a target capital structure of 60% debt and 40% common equity and is in the 40% marginal tax rate. If Enzo's before tax cost of debt is 8% and cost of common stock is 18%, what is the firm's WACC? 10)

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