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21. Johnson & Johnson (JNJ) has debt twice that of equity. The required returns on JNJ's debt and equity are 6.5% and 12%, respectively. JNJ's

21. Johnson & Johnson (JNJ) has debt twice that of equity. The required returns on JNJ's debt and equity are 6.5% and 12%, respectively. JNJ's marginal tax rate is 40%. Calculate the WACC for JNJ

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