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Martin Industries just paid an annual dividend of $2.00 a share. The market price of the stock is $28.00 and the growth rate is 8.2

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Martin Industries just paid an annual dividend of $2.00 a share. The market price of the stock is $28.00 and the growth rate is 8.2 percent. What is the firm's cost of equity? Rainbow in the Dark Manufacturing has a target debt-equity ratio of 0.56. Its cost of equity is 15.0 percent, and its cost of debt is 8.0 percent. Required: If the tax rate is 35 percent, what is the company's WACC

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