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Question 4 10 pts General Lithograph Corporation uses no preferred stock. Their capital structure uses 37% debt (hint: the rest is equity). Their marginal tax

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Question 4 10 pts General Lithograph Corporation uses no preferred stock. Their capital structure uses 37% debt (hint: the rest is equity). Their marginal tax rate is 33.29%. Their before-tax cost of debt is 7.11%. General Lithograph's stock has a beta of 1.99. The current risk-free rate is 0.94%, and the overall market is expected to return 8.66% over the long-run. 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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