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Posted on Jul 31, 2024

Electric Glass Co. has a 7:3 debt/equity ratio. Its cost of debt is 6% and the cost of equity 11%. The tax rate is 40%.

WACC= % (min. 2 decimals)

(Enter % as number not fraction, e.g. 34.8967 for 34.8967%, not 0.348967. You will be marked wrong if the answer is in the wrong format.)

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