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Murphy Oil's required return for equity is 14%. The required return on its long-term bonds is 8%. The firm's debt-to-total-value ratio is 35% and its
Murphy Oil's required return for equity is 14%. The required return on its long-term bonds is 8%. The firm's debt-to-total-value ratio is 35% and its marginal tax rate is 21%. Calculate Murphy's WACC
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