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Assume that Shoppers Drug Mart's capital structure is 70% debt and 30% equity. The cost of equity is 7% and the cost of debt

Assume that Shoppers Drug Mart's capital structure is 70% debt and 30% equity. The cost of equity is 7% and the cost of debt is 10%. Given the fluctuating economic conditions, the government increased the corporate tax rate to 25%. What is the company's weighted average cost of capital?

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