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The all equity cost of capital for flat Rock Grinding is 15% and the company has set a target debt to value ratio of 50%.

The all equity cost of capital for flat Rock Grinding is 15% and the company has set a target debt to value ratio of 50%. The current cost of debt for a firm of the risk is 10% and the corporate tax rate is 34%. Calculate the WACC for the Flat Rock Grinding Corporation.

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