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1 ) Shake Shack is 7 0 % funded with debt at an after - tax cost of 9 % , while the cost of

1) Shake Shack is 70% funded with debt at an after-tax cost of 9%, while the cost of equity is 12%.
What is Shake Shacks weighted average cost of capital (WACC)?
a)9.0%
b)12.0%
c)10.5%
d)9.9%
e)0.0%

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