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Company A is financed by 29% of debt and the rest of the company is financed by common equity. The companys before-tax cost of debt
Company A is financed by 29% of debt and the rest of the company is financed by common equity. The companys before-tax cost of debt is 4%, and its cost of equity is 12%. If the marginal tax rate is 30%, the companys weighted average cost of capital (WACC) is _________.
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