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A firm currently has a debt - equity ratio of 3 / 5 . The debt, which is virtually riskless, pays an interest rate of
A firm currently has a debtequity ratio of The debt, which is virtually riskless, pays an interest rate of The expected rate of return on the equity is What is the WeightedAverage Cost of Capital if the firm pays no taxes? Enter your answer as a percentage rounded to two decimal places.
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