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A firm currently has a WACC of 12%. 35% of its assets are funded by debt. The post tax cost of debt is 6%. If

A firm currently has a WACC of 12%. 35% of its assets are funded by debt. The post tax cost of debt is 6%. If the firm chooses to borrow an additional sum so that its debt makes up 40% of its assets. Estimate the new WACC

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