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A company has financed 4 0 % of its assets through a 1 2 % after - tax cost of debt loan. The remainder of

A company has financed 40% of its assets through a 12% after-tax cost of debt loan. The remainder of its assets are financed through equity. The firms required return on equity is 14%.
Calculate the company's weighted average cost of capital (WACC)?
a.
13.75%
b.
13.20%
c.
13.56%
d.
15.50%

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