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ABC Enterprises is a leveraged company with an equity cost of capital of 12%. The before-tax cost of borrowing is 5% and the marginal tax

ABC Enterprises is a leveraged company with an equity cost of capital of 12%. The before-tax cost of borrowing is 5% and the marginal tax rate is 35%. If ABCs debt-to-equity ratio is 0.6, what is its weighted average cost of capital (WACC)

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