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Evans Essential Oils has a capital structure composed of 60 percent equity and 40 percent debt. The firm has a before-tax cost of debt of

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Evans Essential Oils has a capital structure composed of 60 percent equity and 40 percent debt. The firm has a before-tax cost of debt of 6 percent and a 10 percent cost of equity capital. Evans Essential Oils has an average tax rate of 28 percent. What is the firm's weighted average cost of capital (WACC) as a percentage? Your

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