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Ralph Laurens capital structure contains 40% equity and 60% debt. The before-tax cost of debt is 9% and the cost of equity is 15%. The

Ralph Laurens capital structure contains 40% equity and 60% debt. The before-tax cost of debt is 9% and the cost of equity is 15%. The tax rate is 34%. What is Ralph Laurens WACC? (format as 12.34%)

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