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Blue Ribbon Inc has a target debt-equity ratio of 1.3. The firm's cost of clebt 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 clebt 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? 12 Multiple Choice O 9.90% O 12.67% O 13.46%

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