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Given the following, what is the WACC? EBIT = $2 million; tax rate = 21%; debt = $4 million; unlevered cost of capital = 14%;

Given the following, what is the WACC? EBIT = $2 million; tax rate = 21%; debt = $4 million; unlevered cost of capital = 14%; cost of debt = 9%.

A) 10.8% B) 11.6% C) 12.2% D) 12.6% E) 13.0%

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