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A company has a cost of equity of 22%, a pretax cost of debt of 5%, a tax rate of 35% and a debt weighting

A company has a cost of equity of 22%, a pretax cost of debt of 5%, a tax rate of 35% and a debt weighting of 20%. What is the company's weighted average cost of capital (WACC)? Take your answer out to two decimal places.

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