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A computer manufacturer must calculate its cost of capital before deciding on the appropriate method for raising new funds. The company has 58% equity financing

A computer manufacturer must calculate its cost of capital before deciding on the appropriate method for raising new funds. The company has 58% equity financing at a required rate of return on equity of 13.5%. The remaining 42% is in debt financing at a required rate of return of 8%. What is the firm's weighted average cost of capital? Round to two decimal places. WACC =

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