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A firm has a target debt-equity ratio of 0.64 . Its cost of equity is 11% and its cost of debt (pre-tax) is 5.5%. The

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A firm has a target debt-equity ratio of 0.64 . Its cost of equity is 11% and its cost of debt (pre-tax) is 5.5%. The corporate tax rate is 23\%. What is the company's WACC? (Round your answer to the nearest one-hundredth of a percent. Do not enter the percentage symbol. For example, if your answer is 12.3456789%, enter 12.35 . Do not worry if Canvas truncates trailing zeros.)

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