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Acme Corporation is financed with $5,335 of debt and $14,054 of equity. The annual interest rate of its debt is 6%. The expected annual return

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Acme Corporation is financed with $5,335 of debt and $14,054 of equity. The annual interest rate of its debt is 6%. The expected annual return of its equity is 12%. The corporate tax rate is 21%. Please find Acme Corporation's effective total annual costs of its capital (dollar value, not percentage)

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