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10. SCC Inc. has the following financial information: Sources of Finance Cost (k) Long-term debt 8% $4,500,000 $8,000,000 Common equity 12% $12,500,000 The company's tax

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10. SCC Inc. has the following financial information: Sources of Finance Cost (k) Long-term debt 8% $4,500,000 $8,000,000 Common equity 12% $12,500,000 The company's tax rate is 40%. What is SCC Inc.'s weighted average cost of capital (rounded to the nearest tenth of a percent)? (10p) a) 21.4% b) 23.5% c) 24.2% c) 24,96% d) 25.6%

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