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A stock has just paid $3 of dividend. The dividends are expected to grow at a constant rate of 12% a year, and the common
A stock has just paid $3 of dividend. The dividends are expected to grow at a constant rate of 12% a year, and the common stock currently sells for $56. The cost of debt is 6%, and the tax rate is 25%. The target capital structure consists of 34% debt and 66% common equity. What is the company's WACC? 12.8796 12.7496 14.08% 13.4196 13.81%
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