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PepsiCo recently issued $120 B of debt with a cost of debt of 5%. Before this, the company had a cost of equity of 13%,

PepsiCo recently issued $120 B of debt with a cost of debt of 5%. Before this, the company had a cost of equity of 13%, 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 and the company plans to keep this leverage ratio from now on. If the tax rate is 23%, 


What is the company's WACC after issuing this debt?

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