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An analyst gathered the following information about a company: Risk-free rate: 8% Equity market risk premium: 6% Firm's beta: 1.2 Cost of debt: 10% Tax

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An analyst gathered the following information about a company: Risk-free rate: 8% Equity market risk premium: 6\% Firm's beta: 1.2 Cost of debt: 10% Tax rate: 30% Assuming a target debt-to-equity ratio of 0.3, calculate the firm's WACC

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