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Crane's T-Shirts, Inc., has debt claims of $430 (market value) and equity claims of $570 (market value). If the after-tax cost of debt financing is

Crane's T-Shirts, Inc., has debt claims of $430 (market value) and equity claims of $570 (market value). If the after-tax cost of debt financing is 12 percent and the cost of equity is 18 percent, what is Crane's weighted average cost of capital?

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