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Jemisen's firm has expected earnings before interest and taxes of $1,800. Its unlevered cost of capital is 14 percent and its tax rate is 33

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Jemisen's firm has expected earnings before interest and taxes of $1,800. Its unlevered cost of capital is 14 percent and its tax rate is 33 percent. The firm has debt with both a book and a face value of $2,300. This debt has a 9 percent coupon and pays interest annually. What is the firm's weighted average cost of capital? Multiple Choice 13:10 percent 1287 percent 13.78 percent 13.40 percent 12.93 percent

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