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Jedi Enterprises stock trades for$44per share.It is expected to pay a$2.4dividend at year end,and the dividend is expected to grow at a constant rate of3.1%a
Jedi Enterprises stock trades for$44per share.It is expected to pay a$2.4dividend at year end,and the dividend is expected to grow at a constant rate of3.1%a year.The before-tax cost of debt is5%,and the tax rate is34%.The target capital structure consists of40%debt and60%common equity.What is the company's WACC(inpercent)if all the equity used is from reinvested earnings?
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