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25. The firms cost of capital is 22%.The firm maintains a debt-to- assets ratio of 30% (based on market values.)The yield on the debt is

25. The firms cost of capital is 22%.The firm maintains a debt-to- assets ratio of 30% (based on market values.)The yield on the debt is 8% and the firms tax rate is 21%.What is the WACC?

Multiple Choice

21.5%
20.16%
21.05%
none of the above.

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