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LMN Enterprises, a large conglomerate, is looking to expand its business. As a part of the financial team, your task is to compute the firm's

LMN Enterprises, a large conglomerate, is looking to expand its business. As a part of the financial team, your task is to compute the firm's WACC. The firm's cost of equity is 14%, and the market value of its equity is $3,000,000. The cost of debt is 6%, and the total debt in the market value terms is $2,000,000. The corporate tax rate is 25%. Determine LMN's WACC using the data provided

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