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Claudia Books has found that its cost of common equity capital is 7 percent and its cost of debt capital is 4.5 percent.The market value

Claudia Books has found that its cost of common equity capital is 7 percent and its cost of debt capital is 4.5 percent.The market value of the firm's common stock is $24,000,000 and its debt is $12,000,000. What is the weighted average cost of capital for Claudia's, if it is subject to a 25% marginal tax rate?

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