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ABC is considering an expansion project. ABC has net debt of $100,000 and equity of $300,000. The expected market risk premium is 7% and the

ABC is considering an expansion project. ABC has net debt of $100,000 and equity of $300,000. The expected market risk premium is 7% and the risk free rate is 3%. If the beta for ABC's equity is .50, the return on debt is 5% and the tax rate is 28%, what is the weighted average cost of capital for ABC?

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