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A company has a debt - to - equity ratio of 0 . 7 . The discount rates for the company s stock and bond

A company has a debt-to-equity ratio of 0.7. The discount rates for the companys stock and bond are 20% and 10%, respectively. Assuming a 21% income tax rate, what is the companys weighted average cost of capital (WACC)?
Hint: You can assume the value of equity E =1.
Note: Write your answer in % terms with 2 or more decimal places. For example, write 2.54(%) instead of 0.0254.

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