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Houston Inc. has $3 millions of debt. 57 millions of equity, and no preferred stock. The cost of debt is 2% and cost of equity

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Houston Inc. has $3 millions of debt. 57 millions of equity, and no preferred stock. The cost of debt is 2% and cost of equity is 4% Tax rate is 25% What's the WACC of Houston Round your answer with two decimals in percentage, then enter the number without the percentago sign E.g. 12 34% should be entered as "12.34*

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