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Portnoy Corp. has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 12 percent, and the

Portnoy Corp. has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 12 percent, and the cost of debt is 7 percent. The relevant tax rate is 35 percent. What is Portnoys WACC? Please provide answers in excel.

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