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

Dwight Pianos Inc. 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 Dwight Pianos Inc.s weighted average cost of capital?

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