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Question 3 10 pts General Lithograph Corporation uses no preferred stock. Their capital structure uses 43% debt (hint: the rest is equity). Their marginal tax

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Question 3 10 pts General Lithograph Corporation uses no preferred stock. Their capital structure uses 43% debt (hint: the rest is equity). Their marginal tax rate is 32.13%. Their before-tax cost of debt is 6.99%. General Lithograph's stock paid a dividend per share of $2.45 last year, and their dividend is expected to grow at 2.18% over the long-run. Their stock currently trades at $47.78 per share. What is General Lithograph's weighted average cost of capital (WACC)? Please enter without using the "%", but with two decimal places in other words if you calculate 9.87%, then just enter 9.87)

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