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A firm has a cost of debt of 7.8 percent and a cost of equity of 15.6 percent. The debt-equity ratio is .52. There are

A firm has a cost of debt of 7.8 percent and a cost of equity of 15.6 percent. The debt-equity ratio is .52. There are no taxes. What is the firm's weighted average cost of capital?

11.76 percent

11.29 percent

12.93 percent

12.47 percent

10.20 percent

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