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1. Abeer Inc. has debt claims of $400 (market value) and equity claims of $600 (market value). If the after-tax cost of debt financing is

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1. Abeer Inc. has debt claims of $400 (market value) and equity claims of $600 (market value). If the after-tax cost of debt financing is 11 percent and the cost of equity is 17 percent, then what is Abeer's weighted average cost of capital? (1 Mark)

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