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PLEASE answer using EXCEL. Add formulas and steps used. Thank you! 5. A company is 42% financed by risk-free debt. The interest rate is 12%,

PLEASE answer using EXCEL. Add formulas and steps used. Thank you!

5. A company is 42% financed by risk-free debt. The interest rate is 12%, the expected market risk premium is 10%, and the beta of the companys common stock is 0.52.

What is the after-tax WACC, assuming that the company pays tax at a 40% rate.

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