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9. First Data Co. has 20 million shares of common stock outstanding that are currently being sold for $25 per share. The firm's debt

9. First Data Co. has 20 million shares of common stock outstanding that are currently being sold for $25 per share. The firm's debt is publicly traded at 95% of its face value of $180 million. The cost of debt is 10% and the cost of equity is 20%. What is the WACC for the firm? Assume that the corporate tax rate is 40%.

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