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Munding Corp. has debt with a market value of $ 2 3 million and equity with a market value of $ 4 8 million. Its

Munding Corp. has debt with a market value of $

23

million and equity with a market value of $

48

million. Its pre

-

tax cost of debt is

4.4 %

and its cost of equity is

11 % .

The firm's marginal tax rate is

21 % .

what is the WACC?

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