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Country cooks cost of equity is 16.2 percent and its aftertax cost of debt is 5.8 percent. What is the firm's weighted average cost of
Country cooks cost of equity is 16.2 percent and its aftertax cost of debt is 5.8 percent. What is the firm's weighted average cost of capital if its equity multiplier is 2 and the tax rate is 34 percent?
a. 9.76 percent
b. 11.12 percent
c. 12.54 percent
d. 10.01 percent
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