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A firm has $16M in debt and $30M in equity. Its cost of debt is 4.8 and tax rate of 29. Its estimated to have

A firm has $16M in debt and $30M in equity. Its cost of debt is 4.8 and tax rate of 29. Its estimated to have a Beta of 2.6. Current market conditions suggest that the risk-free rate is 0.8% while the expected return on market portfolio is 8.7. Estimate the firm's WACC. Round your answer to the nearest basis point (0.0001)

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