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7 Suppose that TapDance, Inc's capital structure features 75 percent equity, 25 percent debt, and that its before tax cost of debt is 7 percent,

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7 Suppose that TapDance, Inc's capital structure features 75 percent equity, 25 percent debt, and that its before tax cost of debt is 7 percent, while its cost of equity is 12 percent. The appropriate weighted average tax rate is 21 percent. What will be TopDance's WACC? (Round your answer to 2 decimal places.) 10 points X WACC Book References

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