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a firm's capital structure is 40,000,000 in debt and 60,000,000 in equity. It can issue fifteen-year maturity bonds at 7%. The cost of equity is

a firm's capital structure is 40,000,000 in debt and 60,000,000 in equity. It can issue fifteen-year maturity bonds at 7%. The cost of equity is 12%. The firm's tax rate is 40%. What is the firm's marginal cost of capital

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