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PepsiCo recently issued $ 1 2 0 B of debt with a cost of debt of 5 % . Before this, the company had a

PepsiCo recently issued $120 B of debt with a cost of debt of 5%. Before this, the company had a cost of equity of 9%, a cost of debt of 5%, and a debt-to-equity ratio of 1:3. The new leverage ratio for the company is 1:2. If the tax rate is 24%, what is the companys WACC after issuing this debt?

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