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Calculating the WACC [LO3]In Problem 27, suppose the most recent dividend was 4.10 and the dividend growth rate is 6%. Assume that the overall cost

Calculating the WACC [LO3]In Problem 27, suppose the most recent dividend was 4.10 and the dividend growth rate is 6%. Assume that the overall cost of debt is the weighted average cost of two outstanding debt issues. Both bonds make semi-annual payments. The tax rate is 28%. What is the companys WACC? Assume the face value of the debt is 1,000.

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