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10) Best Juice Co. has raised 40% of its long-term capital from equity and 60% from corporate bonds. If the cost of equity of Best

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10) Best Juice Co. has raised 40% of its long-term capital from equity and 60% from corporate bonds. If the cost of equity of Best Juice is 20% and its cost of debt is 6%. Assume no tax. What is the weighted average cost of capital of Best Juice? a) 11.60% b) 14.40% c) 16.45% d) 15.24%

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