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Martin Chemicals has a target debt to equity ratio of 0.50. Its cost of equity is 12%, after-tax cost of debt is 8%, and tax

Martin Chemicals has a target debt to equity ratio of 0.50. Its cost of equity is 12%, after-tax cost of debt is 8%, and tax rate is 40%. What is the company's WACC? 10.0% 7.68% 9.60% 10.67%

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