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Homework - Answered - Due Dec 8 th , 1 1 : 5 9 PM A company has a beta of 0 . 9 ,

Homework - Answered - Due Dec 8th,11:59 PM
A company has a beta of 0.9, pre-tax cost of debt of 6.6% and an effective corporate tax rate of 22%.54% of its capital structure is debt and the rest is equity. The current risk-free rate is 0.5% and the expected market risk premium is 6.2%. What is this company's weighted average cost of capital? Answer in percent, rounded to two decimal places.
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