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Currently, a company is financed with 40% uity and debt. The debt consists of 15 year $1.000 focs.value bonds that paysemi-annual interest payments based on

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Currently, a company is financed with 40% uity and debt. The debt consists of 15 year $1.000 focs.value bonds that paysemi-annual interest payments based on an annual coupon rate of 7%. The market price of the firm's bonds is currently 51054. Further, the company has a bea of 14. The expected return on the market is expected to be 14% while the risk free rate is 4% The marginal tax rate is 40% What is the company WACC? 11,199 6.72 9.60%

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