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Hertz Enterprises expected to have free cash flow in the coming year of $8 million, and this free cash flow is expected to grow at

Hertz Enterprises expected to have free cash flow in the coming year of $8 million, and this free cash flow is expected to grow at a rate of 3% per year thereafter. Hertz has an equity cost of capital of 13%, a debt cost of capital of 7%, and it has a 35% corporate tax rate. If Hertz maintains a .5 debt to equity ratio, then Flagstaff's pre-tax WACC is

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