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A firm has a 4 9 % debt of 3 0 million, whose average interest rate to the firm is 8 . 0 0 %

A firm has a 49% debt of 30 million, whose average interest rate to the firm is
8.00%. Equity investors require an average return of 14.80% to stay invested in the
firm. The tax rate is 35%. What is the weighted average cost of capital for the firm?

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