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23. Kelso's has a debt-equity ratio of 1 and a tax rate of 35 percent. The firm does not issue preferred stock. The cost of

23. Kelso's has a debt-equity ratio of 1 and a tax rate of 35 percent. The firm does not issue preferred stock. The cost of equity is 14.5 percent and the after-tax cost of debt is 4.8 percent. What is the weighted average cost of capital? (5 Points)

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