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A firm has only debt and common equity (no preferred stock). The weight of debt is 20% and the weight of equity is 80%. The

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A firm has only debt and common equity (no preferred stock). The weight of debt is 20% and the weight of equity is 80%. The cost of equity is 15% and the pre-tax cost of debt is 5%. The firm's tax rate is 40%. What is the firm's WACC

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