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A firm has a capital structure with $30 million in equity and $15 million of debt. The cost of equity capital is 8% and the

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A firm has a capital structure with $30 million in equity and $15 million of debt. The cost of equity capital is 8% and the cost of debt is 7%. If the marginal tax rate of the firm is 30%, compute the weighted average cost of capital of the firm (\%) Answer to the nearest whole number

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