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A company is 38% financed by risk-free debt. The interest rate is 11%, the expected market risk premium is 9%, and the beta of the

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A company is 38% financed by risk-free debt. The interest rate is 11%, the expected market risk premium is 9%, and the beta of the company's common stock is 0.61 What is the after tax WACC, assuming that the company pays tax at a 30% rate? (Do not round intermediate calculotions. Enter your answer as a percent rounded to 2 decimal places.) After-tax WACC

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