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Arnell is a company that has issued 30 million shares worth $15 each. In addition, it has issued bonds for $150 million. The cost of

Arnell is a company that has issued 30 million shares worth $15 each. In addition, it has issued bonds for $150 million. The cost of equity is 10% and the cost of debt is 5%. The corporate tax rate is 33%. What is the weighted average cost of capital (WACC) before and after tax?

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