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A firm has a beta of 1 . 1 8 , a debt - to - equity ratio of 3 6 , and a cost

A firm has a beta of 1.18, a debt-to-equity ratio of 36, and a cost of equity of 11.74 percent. The market rate of return is 10.4 percent and the tax rate is 35 percent. The firm's pretax cost of debt is 6.9 percent. What is the company's WACC?
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