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40. The target debt equity ratio for the Corporation is 25%, the cost of debt is 8%, the cost of equity is 15% and the

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40. The target debt equity ratio for the Corporation is 25%, the cost of debt is 8%, the cost of equity is 15% and the tax rate is 20%. What is the weighted Average Cost of Capital(WACC) (Rounded to the nearest one tenth of one percent? a. 5.75% b. 9.3% C. 11.5% d. 13.3%

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