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Duke Energy's capital structure is comprised of 66% debt and no preferred stock; the rest of their capital is in the form of common stock.

Duke Energy's capital structure is comprised of 66% debt and no preferred stock; the rest of their capital is in the form of common stock. The cost of debt for Duke Energy is 4%, and the cost of equity is 9%. Duke Energy currently pays a corporate tax rate of 21%. What is Duke Energy's WACC?

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