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10.1 AAA Company has an optimal and target capital structure of 1/3 debt and 2/3 common equity. The company's tax rate is 47%. The cost

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10.1 AAA Company has an optimal and target capital structure of 1/3 debt and 2/3 common equity. The company's tax rate is 47%. The cost of equity is 18%, and the yield to maturity (i.e. interest rate) on debt is 11%. What is the firm's "weighted average cost of capital (WACC)

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