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A company has only two type of capital : debt and equity. It has a target debt-equity ratio of 0.9 . Its cost of equity

A company has only two type of capital : debt and equity. It has a target debt-equity ratio of 0.9 . Its cost of equity is 8% , and its cost of debt is 7%. If the tax rate is 36% , what is the company s WACC? (Enter your answers a percent rounded to 2 decimal places, leave out % sign, for example, for answer 0.43%, enter 0.43 only)

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