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15. A company is 42% financed by risk-free debt. The interest rate is 12%, the expected market risk premium is 10%, and the beta of

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15. A company is 42% financed by risk-free debt. The interest rate is 12%, the expected market risk premium is 10%, and the beta of the company's common stock is 0.52. What is the after-tax WACC, assuming that the company pays tax at a 40% rate

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