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Assume North Pole Inc.'s intended capital structure is 55% common equity and 45% debt. The firm's bond yield to maturity is 7.5%; investors' required rate

Assume North Pole Inc.'s intended capital structure is 55% common equity and 45% debt. The firm's bond yield to maturity is 7.5%; investors' required rate of return on common stock is 15%; and the firm has a marginal tax rate of 40%. What is the weighted average cost of capital for the company?

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