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A firm has a target debt to asset ratio of 41.52%. Its cost of equity is 11,33% and its pretax cost of debt is 6.25%.

A firm has a target debt to asset ratio of 41.52%. Its cost of equity is 11,33% and its pretax cost of debt is 6.25%. Its tax rate is 21%. What is the company's WACC? Multiple Choice 8.68% 10.67% 9.22% 12.28% 7.59%

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