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7. NYUT Corporation has a target capital structure of 40 percent common stock and 60 percent debt. Its cost of equity is 15 percent, and

7. NYUT Corporation has a target capital structure of 40 percent common stock and 60 percent debt. Its cost of equity is 15 percent, and the cost of debt is 10 percent. The relevant tax rate is 15 percent. What is NYUTs WACC?

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