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Quinlan Enterprises cost of equity from retained earnings is 10.26%. The before-tax cost of debt is 7.50%, and the tax rate is 40%. The target

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Quinlan Enterprises cost of equity from retained earnings is 10.26%. The before-tax cost of debt is 7.50%, and the tax rate is 40%. The target capital structure consists of 40% debt and 60% common equity. The company will not have to issue new common equity. What is the company's WACC? 7.36% 8.29% 7.07% 7.96% 7.67%

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