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ABC Corp currently has a debt to enterprise value ratio of 51%. The firm's cost of equity is 8.4% and its cost of debt is

ABC Corp currently has a debt to enterprise value ratio of 51%. The firm's cost of equity is 8.4% and its cost of debt is 4%. Assuming perfect markets, calculate the unlevered cost of capital for ABC Corp. Express your answer in percent and round to two decimals (do not include the %-symbol in your answer).

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