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Precision Cuts has a target debt-equity ratio of 48 . Its cost of equity is 16.4 percent, and its pretax cost of debt is 8.2

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Precision Cuts has a target debt-equity ratio of 48 . Its cost of equity is 16.4 percent, and its pretax cost of debt is 8.2 percent. If the tax rate is 21 percent, what is the company's WACC? Multiple Choice 11.72% 11.28% 12.84% 12.91% 13.18%

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