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CDA is considering investing in a project. They are considering raising funds by issuing common stock and bonds. They have 50,000 bonds outstanding. $1,000 face

CDA is considering investing in a project. They are considering raising funds by issuing common stock and bonds. They have 50,000 bonds outstanding. $1,000 face value per bond. 5% annual coupon and 10 years to maturity. Selling at 110.3% of face value. And 3 million shares the outstanding market value of $80 per share. and Beta = 1.5. the expected stock market interest rate is 15% where the risk-free rate is 9%. The applicable tax rate is 54%. Calculate WACC

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