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LMI has a target debt-equity ratio of 0.55. Its cost of equity is 11 % while its cost of debt is 6 %If tax rate

LMI has a target debt-equity ratio of 0.55. Its cost of equity is 11 % while its cost of debt is 6 %If tax rate is 21%, what is the firms WACC?

Select one:

a. 9%

b. 8%

c. 8.78%

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