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A company has $378 million of debt and 58 million common shares outstanding worth $12.1 each. You estimate that the company could issue new debt

A company has $378 million of debt and 58 million common shares outstanding worth $12.1 each. You estimate that the company could issue new debt at an interest rate of 4.7%. The companys tax rate is 15.7%, beta is 1.7, the risk-free rate is 0.7% and the expected market return is 7.0%. What is the companys weighted average cost of capital

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