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Calculate the weighted average cost of capital (WACC) for a firm that has cost of debt of 6.5%, an effective corporate tax rate of 34%,

Calculate the weighted average cost of capital (WACC) for a firm that has cost of debt of 6.5%, an effective corporate tax rate of 34%, and a capital structure that is 30% debt and 70% equity. The risk-free rate is 2.6%, the firm's stock beta is 1.1, and the expected return on the market portfolio is 10.2%.

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