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Chuckney Industries has a targe capital structure of 40% debt and 60% common equity. Their cost of equity is 12% and the yield to

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Chuckney Industries has a targe capital structure of 40% debt and 60% common equity. Their cost of equity is 12% and the yield to maturity on the company's bonds is 9%. If the current corporate tax rate is 40%, what is their weighted average cost of capital?

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