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14) Jimmy John's has equity with a market value of $20 M and debt with a market value of $20 M. Their cost of debt
14) Jimmy John's has equity with a market value of $20 M and debt with a market value of $20 M. Their cost of debt is 6%, their cost of equity is 10%, and their tax rate is 25%. What is Jimmy John's WACC? A) 6 % B) 7.25% C) 10 % D) 25 %
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