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A company's after-tax cost of debt is 4.18%, and its cost of retained earnings is 9.39%. If the company is financed only with debt and

A company's after-tax cost of debt is 4.18%, and its cost of retained earnings is 9.39%. If the company is financed only with debt and equity and it equity fraction is 40.8%, what is the company's WACC?

Round the answer to two decimals in percentage form.

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