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Konica Co. expects its EBIT to be 100,000 every year forever. The firm can borrow at 11 %. Konica currently has no debt, and its

Konica Co. expects its EBIT to be 100,000 every year forever. The firm can borrow at 11 %. Konica currently has no debt, and its cost of equity is 18 %. The tax rate is 31 %. Konica will borrow 61,000 and use the proceeds to repurchase shares. What will the WACC be after recapitalization

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