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Blue Ribbon Inc has a target debt-equity ratio of 1.3. The firm's cost of debt is 8.0% and the cost of equity is 16% The

Blue Ribbon Inc has a target debt-equity ratio of 1.3. The firm's cost of debt is 8.0% and the cost of equity is 16% The company has a 35% tax rate. What is the firm's weighted average cost of capital? Multiple Choice 9.90% 12.67% 13.46%

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