Long Problem #2 During 2020 a company paid interest of $24 million on $720 million of long term debt. The market value of the company's equity is $900 million. The CEO has asked the CFO what the company's weighted average cost of capital (WACC) is. Using the CAPM formula the CFO concludes that the required rate of return on the company's equity is 11%. What is the company's weighted average cost of capital