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Polyesters has a leveraged value of $28,500,000, debt of $11,000,000, a pre-tax cost of debt of 9.20%, a cost of equity of 17.6%, and a

Polyesters has a leveraged value of $28,500,000, debt of $11,000,000, a pre-tax cost of debt of 9.20%, a cost of equity of 17.6%, and a tax rate of 34%. What is Polyester's weighted average cost of capital?

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