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2. The shaved ice franchise, Jersey Shaved, located on the East Coast has the following data: = 0.25, r4 = 2%, RPM = 8% and

2. The shaved ice franchise, Jersey Shaved, located on the East Coast has the following data: = 0.25, r4 = 2%, RPM = 8% and 3 = 2.14. Assuming the current cost of debt is 4% and Jersey Shaved faces a marginal tax rate of 40%, estimate the WACC

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