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financed 60% with equity and 40% with debt. Currently, its debt has a before-tax yield of 12%. Lionhearts common stock trades at $16 per share

financed 60% with equity and 40% with debt. Currently, its debt has a before-tax yield of 12%. Lionhearts common stock trades at $16 per share and its most recent dividend was $1.00. Future dividends are expected grow by 4%. If the tax rate is 34%, what is Lionhearts WACC?

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