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A company is in the 35% tax bracket and has a target debt-to-equity ratio of 60%. The company's target short-term debt-to-long-term debt ratio is 15%.

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A company is in the 35% tax bracket and has a target debt-to-equity ratio of 60%. The company's target short-term debt-to-long-term debt ratio is 15%. If the cost of short-term debt is 3.9%, the cost of long-term debt is 6.7%, and the cost of equity is 15.5%, what is the WACC of the firm? 15 Points

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