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Houston Inc. has $3 millions of debt, $7 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, $7 millions of equity, and no preferred stock. The cost of debt is 2% and cost of equity is 8%, Tax rate is 25%. What's the WACC of Houston Inc.? Round your answer with two decimals in percentage, then enter the number without the percentage sign. E9. 12.34% should be entered as "1234

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