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General Lithograph Corporation uses no preferred stock. The firm's capital structure is 3 9 % debt ( hint: the rest is equity ) . The

General Lithograph Corporation uses no preferred stock. The firm's capital structure is 39% debt (hint: the rest is equity). The marginal tax rate is 38.56% and their before-tax cost of debt is 6.88%. General Lithograph's stock paid a dividend per share of $1.81 last year (D0) and their dividend is expected to grow at 5.51% over the long-run. Their stock currently trades at $23.39 per share. What is General Lithograph's weighted average cost of capital (WACC)? Enter your answer without the "%", and with two decimal places (in other words, if you calculate 9.87%, then just enter 9.87).

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