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Assume JJ Ltd. shares have a market capitalisation of $65 billion. The company just paid a dividend of $0.40 per share and each share trades

Assume JJ Ltd. shares have a market capitalisation of $65 billion. The company just paid a dividend of $0.40 per share and each share trades for $25. The growth rate in dividends is expected to be 7% per year. Also, JJ has $10 billion of debt that trades with a YTM of 7%. If the firm's tax rate is 40%, compute the WACC?

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