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Bennett Corporation has a target capital structure that consists of 30 percent debt and 70 percent equity. Bennett can borrow at an interest rate of
Bennett Corporation has a target capital structure that consists of 30 percent debt and 70 percent equity. Bennett can borrow at an interest rate of 8 percent. Also, Bennett has determined its cost of equity to be 10 percent. Bennett's tax rate is 30 percent. What is Bennett's weighted average cost of capital
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