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Problem 11-16 WACC (LG11-2) Suppose that JB Cos. has a capital structure of 76 percent equity, 24 percent debt, and that its before-tax cost of

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Problem 11-16 WACC (LG11-2) Suppose that JB Cos. has a capital structure of 76 percent equity, 24 percent debt, and that its before-tax cost of debt is 10 percent while its cost of equity is 14 percent. Assume the appropriate weighted average tax rate is 25 percent. What will be JB's WACC? (Round your answer to 2 decimal places.) WACC %

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