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a firm currently has 16m is debt and 71m in equity. its cost of debt is 3.8%, tax rate of 21%, and the beta of
a firm currently has 16m is debt and 71m in equity. its cost of debt is 3.8%, tax rate of 21%, and the beta of 1.4. current market conditions indicate that the risk free rate is 2.4% and the expected return on the market is 9.1%. if the firm were to increase its weight of debt by 14%, what would be the change in its wacc? Please go into detail with steps
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