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8.31% 10.52% .01% 9.00% 10.29% Cosmic Corp. has a proposed investment with an initial cost of $84 million. Debt represents 44 percent of the capital

image text in transcribed8.31%

10.52%

.01%

9.00%

10.29%

Cosmic Corp. has a proposed investment with an initial cost of $84 million. Debt represents 44 percent of the capital structure. The cost of equity is 14.5 percent, the pretax cost of debt is 5.45 percent, and the tax rate is 21 percent. What is the company's WACC

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