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A firm has a capital structure with $44 in equity and $60 of debt. The cost of equity capital is 17.32% and the pretax cost

A firm has a capital structure with $44 in equity and $60 of debt. The cost of equity capital is 17.32% and the pretax cost of debt is 6.27%. If the marginal tax rate of the firm is 31.07% compute the weighted average cost of capital of the firm.

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