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A company has the following capital structure: $5.4 billion in debt, with an average cost of debt of 4.3% Market value of equity of $7.8

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A company has the following capital structure: $5.4 billion in debt, with an average cost of debt of 4.3% Market value of equity of $7.8 billion, with an estimated return on equity of 9.6% Corporate taxes are 35% What discount rate should be used to evaluate capital investment decisions? (TWO decimal places.)

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