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Please enter your answer as a percentage rounded to 2 decimal places! thanks. A firm has an effective (after-tax) cost of debt of 5%, and

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Please enter your answer as a percentage rounded to 2 decimal places! thanks.

A firm has an effective (after-tax) cost of debt of 5%, and its weight of debt is 40%. Its equity cost of capital is 11%, and its weight of equity is 60%. Calculate the firm's weighted average cost of capital (WACC). [Enter your answer as a percentage rounded to two decimal places.] Your

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