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McQueen Car Store has a cost of equity of 11.8 percent. The company has an aftertax cost of debt of 5.0 percent. If the company's

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McQueen Car Store has a cost of equity of 11.8 percent. The company has an aftertax cost of debt of 5.0 percent. If the company's debt-equity ratio is .68, what is the weighted average cost of capital? Convert to a percentage and round to one place past the decimal point

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