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QUESTION 3 Suppose a firm has a capital structure with 38% debt and faces a 34.4% tax rate. If the required return on debt is

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QUESTION 3 Suppose a firm has a capital structure with 38% debt and faces a 34.4% tax rate. If the required return on debt is 6.9% and the required return on equity is 12.3, what is the WACC? Answer in percent e.g., 11.5 instead of .115 and provide at least three significant digits e.g., 4.56 or 12.1

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