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Question 3 0.5 pts A firm has only two funding sources, debt and equity. Their percentage of debt is 39%. Their tax rate is 23.4%

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Question 3 0.5 pts A firm has only two funding sources, debt and equity. Their percentage of debt is 39%. Their tax rate is 23.4% and their pretax cost of debt is 3.4%. If the required return on their equity is 10.44%, then what is their weighted average cost of capital? State your answer as a decimal places and not in decimal form (i.e. 13.21 not .1321) percentage with two

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