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Question 9 4 pts Using the CAPM the management of ABC Corp. estimates that the cost of its retained earnings for capital budgeting projects is

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Question 9 4 pts Using the CAPM the management of ABC Corp. estimates that the cost of its retained earnings for capital budgeting projects is 12.0%. Management also researched its after-tax cost of long term debt and determined it is currently 5.0%. Assuming projects are assumed to be funded with 60% debt and 40% from retained earnings, what is the company's WACC? 17.0% 9.2% 7.80% None of the above

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