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Jacob's Leisure Supplies has a debt-equity ratio of 0.42 and a tax rate of 21 percent. The return on equity is 7.45%. The return on
Jacob's Leisure Supplies has a debt-equity ratio of 0.42 and a tax rate of 21 percent. The return on equity is 7.45%. The return on debt is 7.62%. What is the company's overall required rate of return?
WACC = ______
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