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An analyst gathered the following information for a company: Stock price: $45 Last year's dividend per share: $5 Dividend growth rate: 8% Cost of debt:

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An analyst gathered the following information for a company: Stock price: $45 Last year's dividend per share: $5 Dividend growth rate: 8% Cost of debt: 9% Tax rate: 35% Target debt to equity ratio: 0.4 What is the firm's WACC? A. 15.96% B. 14.34% C.16.86% D. 10.86%

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