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An unlevered firm has a cost of capital of 14.50 percent and a tax rate of 30 percent. The firm is considering a new capital

An unlevered firm has a cost of capital of 14.50 percent and a tax rate of 30 percent. The firm is considering a new capital structure with 35 percent debt. The interest rate on the debt would be 6 percent. What would be the firm's levered cost of capital?

Group of answer choices

13.94%

17.70%

15.90%

14.27%

16.48%

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