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Munding Corp. has debt with a market value of $23 million and equity with a market value of $44 million. Its pre-tax cost of debt

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Munding Corp. has debt with a market value of $23 million and equity with a market value of $44 million. Its pre-tax cost of debt is 5.8% and its cost of equity is 12%. The firm's marginal tax rate is 21%. Part 1 1. A Attempt 4/10 for 8 pts. What is the company's weighted average cost of capital

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