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Plasti-tech Inc. is financed 60% with equity and 40% with debt. Currently, its debt has a before-tax interest rate of 12%. Plasti-tech's common stock trades

Plasti-tech Inc. is financed 60% with equity and 40% with debt. Currently, its debt has a before-tax interest rate of 12%. Plasti-tech's common stock trades at $15 per share and its expected dividend is going to be $2.08 next year. Future dividends are expected grow by 4%. If the tax rate is 34%, what is Plasti-tech's WACC?

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