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Munding Corp. has debt with a market value of $23 million and equity with a market value of $47 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 $47 million. Its pre-tax cost of debt is 6% and its cost of equity is 14%. The firm's marginal tax rate is 21%. Part 1 Attempt 1/10 for 10 pts. What is the company's weighted average cost of capital

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