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3. The company has $300 million of equity and $700 million of debt. The company's before-tax cost of debt is 6%. The cost of common

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3. The company has $300 million of equity and $700 million of debt. The company's before-tax cost of debt is 6%. The cost of common stock are estimated to be 10%. If the firm's marginal tax rate is 40%, what is the firm's weighted average cost of capital (WACC)

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