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Dexter United has a debt-equity ratio of.70 and a tax rate of 34 %. The firm does not issue preferred stock. The cost of equity

Dexter United has a debt-equity ratio of.70 and a tax rate of 34 %. The firm does not issue preferred stock. The cost of equity is 15% and the pre-tax cost of debt is 8.5 %. What is Dexter's weighted average cost of capital

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