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Question 3 Suppose that TapDance, Inc.'s capital structure features 75% equity, 25% debt, and that its before-tax cost of debt is 9%, while its cost

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Question 3 Suppose that TapDance, Inc.'s capital structure features 75% equity, 25% debt, and that its before-tax cost of debt is 9%, while its cost of equity is 13%. If the appropriate weighted average tax rate is 34%, what will be TapDance's WACC? 12.16% 11.24% 10.37% 9.96% 80pts

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