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ABC Inc.'s wants to fund a $5 million investment by using its $4 million of retained earnings and borrowing $1 million. ABC Inc's common shareholders

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ABC Inc.'s wants to fund a $5 million investment by using its $4 million of retained earnings and borrowing $1 million. ABC Inc's common shareholders received a $1 per share dividend last year and analysts predict that dividends will continue to grow at a rate of 4 percent into the foreseeable future. The most recent closing price of ABC Inc.'s is $56. Furthermore, the firm's chief financial officer has determined that a 20 -year maturity bond with a $1,000 face value and 9 percent coupon can be sold to investors for net proceeds of $894. If the ABC Inc.'s tax rate is 20 percent, what is the firm's weighted average cost of capital? 5.69572% 5.37929% 6.01215% 6.96144% 6.32858%

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