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A local firm reports a total value of $550,000 with debt valued at $200,000. The firm's after-tax cost of debt is 7.0 percent while its

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A local firm reports a total value of $550,000 with debt valued at $200,000. The firm's after-tax cost of debt is 7.0 percent while its cost of equity is 14.0 percent. The firm's tax rate is 21 percent. What is the weighted average cost of capital? 12.91 percent 0 11.45 percent 10.92 percent 9.55 percent

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