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9. A firm has a total value of $1 million and debt valued at $400,000. What is the after-tax weighted average cost of capital if

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9. A firm has a total value of $1 million and debt valued at $400,000. What is the after-tax weighted average cost of capital if the after-tax cost of debt is 12% and the cost of equity is 15%? a. 13.5% b. 13.8% c. 27.0% d. 15.27%

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