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Croft Corporation has a target capital structure of 8 0 percent common stock and 2 0 percent debt. Its cost of equity is 1 2

Croft Corporation has a target capital structure of 80 percent common stock and 20 percent debt. Its cost of equity is 12 percent, and the cost of debt is 8 percent. The relevant tax rate is 25 percent. What is the company's WACC?

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