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Marie Corp. has $ 1 , 3 4 6 in debt outstanding and $ 2 , 6 4 4 in common stock ( and no

Marie Corp. has $1,346 in debt outstanding and $2,644 in common stock (and no preferred stock). Its marginal tax rate is 30%. Marie's bonds have a YTM of 6.8%. The current stock price (Po) is $45. Next year's dividend is expected to be $2.54, and it is expected to grow at a constant rate of 5% per year forever. The company's W.A.C.C. is ____%.
Margin of error for correct responses: +/-.10(%)
Rounding and Formatting instructions:
Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35).

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