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Draper Dynamics finances its operations with $30,000,000 in debt and $50,000,000 in stockholders' equity. The debt carries a 6% interest rate, and stockholders require a

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Draper Dynamics finances its operations with $30,000,000 in debt and $50,000,000 in stockholders' equity. The debt carries a 6\% interest rate, and stockholders require a 12% return. What is Draper's weighted-average cost of capital? (Round computations and answer to 2 decimal place, e.g. 5.12\%.) Weighted-average cost of capital %

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