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ENC Company's cost of common equity is 23%. It's before-tax cost of debt is 16%, and its marginal tax rate is 32%. The stock sells

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ENC Company's cost of common equity is 23%. It's before-tax cost of debt is 16%, and its marginal tax rate is 32%. The stock sells at book value. Using the following balance sheet, calculate ENC's after-tax weighted average cost of capital

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