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A company has 53.7 million in debt at 4.4% pretax cost. Their market value of equity is $5 million, with an expected return of 9%.

A company has 53.7 million in debt at 4.4% pretax cost. Their market value of equity is $5 million, with an expected return of 9%. Corporate tax rate is 30% What is their weighed average cost of capital? (Two decimal places) Answer: Check

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