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A company has a total market value of equity of $ 2 , 0 0 0 , 0 0 0 and a market value of

A company has a total market value of equity of $2,000,000 and a market value of debt of $1,000,000. The cost of equity is 12%, and the cost of debt is 6%. Calculate the WACC assuming a corporate tax rate of 25%.

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