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A company is 48% financed by risk-free debt. The interest rate is 9%, the expected market risk premium is 7%, and the beta of the

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A company is 48% financed by risk-free debt. The interest rate is 9%, the expected market risk premium is 7%, and the beta of the company's common stock is 0.58. What is the after-tax WACC, assuming that the company pays tax at a 35% rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. After-tax WACC 13.06%

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