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Q2. American trade Co. has $18 million of outstanding equity and $6 million of bank debt. The bank debt costs 6% per year. The estimated

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Q2. American trade Co. has $18 million of outstanding equity and $6 million of bank debt. The bank debt costs 6% per year. The estimated equity beta is 1.8. If the market return is 12% and the risk-free rate is 3%, compute the weighted average cost of capital if the firm's tax rate is 30%

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