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If the risk-free rate is 1.2% and the expected market return is 6.0%, what is the WACC of the company with the following characteristics? Answer

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If the risk-free rate is 1.2% and the expected market return is 6.0%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $800 million Market price of each share: $8 Number of shares outstanding: 100 million Tax rate: 15.0% The average yield on current debt (pre-tax cost of debt): 6.0% Beta: 0.9

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