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A firm has a total value of $2,000,000, the total debt of $600,000, the cost of debt is 10%, and cost of equity is 15%.

A firm has a total value of $2,000,000, the total debt of $600,000, the cost of debt is 10%, and cost of equity is 15%. What is a firm's WACC if it pays zero tax rate?

a. 9%

b.11.5%

c.13.5%

d.14.4%

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