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Bama Tide Inc. typically uses debtas their main source of funding and typically only finances with 30% equity. The firm's before-tax cost of debt has

Bama Tide Inc. typically uses debtas their main source of funding and typically only finances with 30% equity. The firm's before-tax cost of debt has been estimated to be 5% while their before-tax cost of equity is estimated at 8%. If the firm faces a 40% tax rate, what is their WACC?

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