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Given the following pieces of information, calculate the WACC of a company with: - Outstanding debt is $1,000,000 - Avg. interest rate on outstanding debt

Given the following pieces of information, calculate the WACC of a company with:

- Outstanding debt is $1,000,000 - Avg. interest rate on outstanding debt is 6% annually - Equity shares outstanding is $120,000 - Market value per share is $40 - Book value per share is $22.50 - Expected return on company equity is 20%

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