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Granite Works maintains a debt - equity ratio of . 6 5 and has a tax rate of 3 2 % . The pretax cost
Granite Works maintains a debtequity ratio of and has a tax rate of The pretax cost of debt is There are shares of stock outstanding with a beta of and a market price of $ a share. The current market risk premium is current riskfree rate is This year, the firm paid an annual dividend of $ a share and expects to increase that amount each year. Using an average expected cost of equity, what is the WACC?
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