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General Lithograph Corporation uses no preferred stock. Their capital structure uses 42% debt (hint: the rest is equity). Their marginal tax rate is 36.45%. Their

General Lithograph Corporation uses no preferred stock. Their capital structure uses 42% debt (hint: the rest is equity). Their marginal tax rate is 36.45%. Their before-tax cost of debt is 2.99%. General Lithograph's stock paid a dividend per share of $0.77 last year, and their dividend is expected to grow at 4.5% over the long-run. Their stock currently trades at $15.42 per share. What is General Lithograph's weighted average cost of capital (WACC)

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