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A firm has a 4% pre-tax cost of debt and a 9% cost of equity. The firms debt-to-asset ratio is 0.35 and its tax rate

A firm has a 4% pre-tax cost of debt and a 9% cost of equity. The firms debt-to-asset ratio is 0.35 and its tax rate is 20%. What is the firms weighted average cost of capital?

(Round your answer to the nearest tenth of a percentage X.X%)

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