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Question First Firm has $120 of outstanding debt and a market cap of $151. The debt costs 0.08 per year. The firm has an equity
Question First Firm has $120 of outstanding debt and a market cap of $151. The debt costs 0.08 per year. The firm has an equity beta of 2.4. The market risk premium is 0.08. The risk-free rate is 0.02. First Firm is in the 0.28 tax bracket. What is First Firm's wacc
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