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1. Suppose a firm has a capital structure with 56% debt and faces a 34.7% tax rate. If the required return on debt is 2.7%

1. Suppose a firm has a capital structure with 56% debt and faces a 34.7% tax rate. If the required return on debt is 2.7% and the required return on equity is 14.9, what is the WACC? Answer in percent e.g., 11 instead of .11.

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