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A retail company, Clothes R Us, estimates its cost of debt at 6% and its cost of equity at 20%. The company has $15 million

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A retail company, Clothes R Us, estimates its cost of debt at 6% and its cost of equity at 20%. The company has $15 million in debt and $50 million in equity. The company's effective tax rate is 20%. What is the company's weighted average cost of capital (WACC)

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