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A firm has a cost of debt of 8.4 percent and a cost of equity of 10.4 percent. The debtequity ratio is 0.7. The tax

A firm has a cost of debt of 8.4 percent and a cost of equity of 10.4 percent. The debtequity ratio is 0.7. The tax rate is 21 percent. What is the firm's weighted average cost of capital?

WACC = %

please don't round steps

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