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Acne Corp. just paid a dividend of $3.26/share. Constant 8% growth is expected. The stock trades for $46.60/share. The cost of new debt is 4.8%.

Acne Corp. just paid a dividend of $3.26/share. Constant 8% growth is expected. The stock trades for $46.60/share. The cost of new debt is 4.8%. Acne's tax rate is 34%. Debt is 40% of the firm's capital structure. Find Acne's WACC.

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