Hook Industries's capital structure consists solely of debt and common equity. Its pre-tax cost of debt is
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Question:
Hook Industries's capital structure consists solely of debt and common equity. Its pre-tax cost of debt is 6.9%, and its cost of equity is 13.4%. If the company's capital structure consists of 40% debt and the firm's tax rate is 21%. The firm's WACC is (in percentage. If the WACC is 9.46%, please enter 9.46)
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