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A company finances its operations with 57 percent debt and the rest using equity. The before-tax cost of debt is 4.7% and the required rate

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A company finances its operations with 57 percent debt and the rest using equity. The before-tax cost of debt is 4.7% and the required rate of return on the stock is 8.7%. What is company's WACC? Assume the tax rate is 30%

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