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A company has $102 million in outstanding bonds, and 10 million shares of stock currently trading at $22 per share.The bonds pay an annual coupon

A company has $102 million in outstanding bonds, and 10 million shares of stock currently trading at $22 per share.The bonds pay an annual coupon rate of 5% and is trading at par. The company's beta is 0.7, its tax rate is 40%, the risk-free rate is 2%, and the market risk premium is 4%. What is this firm's WACC?

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