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Adjusted WACC. Lewis runs an outdoor adventure company and wants to know what effect a tax change will have on his company's WACC. Currently, Lewis

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Adjusted WACC. Lewis runs an outdoor adventure company and wants to know what effect a tax change will have on his company's WACC. Currently, Lewis has the following financing pattern: Equity: 34% and cost of 17.34% Preferred stock: 23% and cost of 13.86% Debt: 43% and cost of 11.2% before taxes What is the adjusted WACC for Lewis if the tax rate is a. 40% ? b. 30% ? c. 20% ? d. 10% ? e. 0%

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