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A company has a pretax cost of debt of 6.7 percent, a cost of equity of 14.8 percent, and a tax rate of 21 percent.
A company has a pretax cost of debt of 6.7 percent, a cost of equity of 14.8 percent, and a tax rate of 21 percent. What is the firm's weighted average cost of capital if the debt-equity ratio is .47? Enter as a whole number with two decimal places and no percent sign (1.23). Numeric Response
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