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A firm has $30M in debt and $50M in equity. Its cost of debt is 5.5% and tax rate of 24%. Its estimated to have

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A firm has $30M in debt and $50M in equity. Its cost of debt is 5.5% and tax rate of 24%. Its estimated to have a Beta of 1.5 . Current market conditions suggest that the risk-free rate is 2.2% while the expected return on market portfolio is 12.4%. Estimate the firm's WACC. Round your answer to the nearest basis point (0.0001)

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