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A company has a target debt-equity ratio of 0.51. The yield to maturity on its bonds is 11 percent. Its cost of equity is 19

A company has a target debt-equity ratio of 0.51. The yield to maturity on its bonds is 11 percent. Its cost of equity is 19 percent. The corporate income tax rate is 33 percent. Calculate the WACC for this company.

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