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9) A company's capital structure consists of 40% debt and 60% equity. The before-tax cost of debt is 8.125%, the cost of retained earnings is

9) A company's capital structure consists of 40% debt and 60% equity. The before-tax cost of debt is 8.125%, the cost of retained earnings is 12%, and the tax rate is 35%. What is this company's WACC (round your answer to two decimal places)?

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