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Company ABC uses debt and equity to finance its operations. It currently has debt with a market value of $250 million and common stock with
Company ABC uses debt and equity to finance its operations. It currently has debt with a market value of $250 million and common stock with a market value of $400 million. If the firm has a before-tax cost of debt of 6.50%, cost of equity of 12.50%, and a tax rate of 30%, what is the WACC? Answer (round to two decimal points): %
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