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Problem 1 Intro Munding Corp. has debt with a market value of $23 million and equity with a market value of $49 million. Its pre-tax

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Problem 1 Intro Munding Corp. has debt with a market value of $23 million and equity with a market value of $49 million. Its pre-tax cost of debt is 6% and its cost of equity is 12%. The firm's marginal tax rate is 21%. Part 1 Attempt 1/5 for 5 pts. What is the company's weighted average cost of capital? 3+ decimals Submit

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