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A company has equity beta 2.2 and market value of equity $350 million. The yield to maturity on this companys debt is 8.4%. The market

A company has equity beta 2.2 and market value of equity $350 million. The yield to maturity on this companys debt is 8.4%. The market value of that debt is $250 million. The risk-free rate is 4% and the expected return on the market is 12%; the tax rate of this company is 40%. What is the WACC?

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