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Lamar industries share has a beta of 0.6. The risk-free rate is 4% and the expected return on the market is 10%. Lamar industries is

Lamar industries share has a beta of 0.6. The risk-free rate is 4% and the expected return on the market is 10%. Lamar industries is funding 60% of its investments from shares and the rest from bonds. The marginal tax rate is equal to 20%. The yield to maturity on its bonds is 7.4%.

Calculate Lamar industries's WACC.

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