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Precision Engineering has a equity ratio of 65 percent and a debt ratio of 35 percent. Its cost of equity is 15.4 percent, and its

Precision Engineering has a equity ratio of 65 percent and a debt ratio of 35 percent. Its cost of equity is 15.4 percent, and its pre-tax cost of debt is 7.8 percent. If the tax rate is 34 percent, what is the company's WACC?

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