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Calculate a firm's WACC. The total market value of the firm is $5,000,000. The capital structure consists of debt and equity. The book value of

Calculate a firm's WACC. The total market value of the firm is $5,000,000. The capital structure consists of debt and equity. The book value of debt is $3,000,000. Debt trades at 120% of par. The cost of debt is 8%, the cost of equity is 15%, the tax rate is 20%.

WACC =

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