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A firm has a capital structure with $41 in equity and $90 of debt. The cost of equity capital is 14.3% and the pretax cost
A firm has a capital structure with $41 in equity and $90 of debt. The cost of equity capital is 14.3% and the pretax cost of debt is 4.6%. If the marginal tax rate of the firm is 42.65% compute the weighted average cost of capital of the firm. Enter your answer in percent and round to the nearest one-hundredth of a percent. Do not include the percent sign (%)
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