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A firm has a market equity value of $20 million and debt has a market value of $10 million. What is the after tax weighted

A firm has a market equity value of $20 million and debt has a market value of $10 million. What is the after tax weighted average cost of capital (WACC) if the before tax cost of debt is 6%, the cost of equity is 21% and the tax rate is 20%?

A.18.70%

b.16.14%

c,17.66%

d,15.60%

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