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multiple choice: A. 4.78% B. 5.80% C. 7.94% D. 7.00% TB MC Qu. 11-39 Suppose that Glamour Nails, Incorporated's capital... Suppose that Glamour Nails, Incorporated's

multiple choice:
A. 4.78%
B. 5.80%
C. 7.94%
D. 7.00%
image text in transcribed
TB MC Qu. 11-39 Suppose that Glamour Nails, Incorporated's capital... Suppose that Glamour Nails, Incorporated's capital structure features 30 percent equity, 70 percent debt, and that its after-tax cost of debt is 4 percent, while its cost of equity is 10 percent. If the appropriate weighted average tax rate is 21 percent, what will be Glamour Nails' WACC

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