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12. An MNC has total assets of $100 million and debt of $20 million. The firms before-tax cost of debt is 12 percent, and its

12. An MNC has total assets of $100 million and debt of $20 million. The firms before-tax cost of debt is 12 percent, and its cost of financing with equity is 15 percent. The MNC has a corporate tax rate of 40 percent. What is this firms cost of capital?

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