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If the risk-free rate is 1.1% and the expected market return is 6.3%, what is the WACC of the company with the following characteristics? Answer

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If the risk-free rate is 1.1% and the expected market return is 6.3%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $729 million Market price of each share: $10 Number of shares outstanding: 93 million Tax rate: 15.9% The average yield on current debt (pre-tax cost of debt): 5.6% Beta: 1.0

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