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A MNC has total assets of $60 million and debt of $30 million. The firms before-tax cost of debt is 9 percent, and its cost

A MNC has total assets of $60 million and debt of $30 million. The firms before-tax cost of debt is 9 percent, and its cost of financing with equity is 13 percent. The MNC has a corporate tax rate of 40 percent. What is this firms cost of capital?

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