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If the risk-free rate is 1.0% and the expected market return is 6.7%, what is the WACC of the company with the following characteristics? Answer

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If the risk-free rate is 1.0% and the expected market return is 6.7%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $621 million Market price of each share: $14 Number of shares outstanding: 82 million Tax rate: 17.1% The average yield on current debt (pre-tax cost of debt): 5.1% Beta

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