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Rogers Corp. has a cost of equity of 1 0 . 9 % . The company has an after - tax cost of debt of

Rogers Corp. has a cost of equity of 10.9%.
The company has an after-tax cost of debt of 4.6%
Suppose that the corporate tax rate is 40% and that the company's debt-to-equity ratio is 0.70, what is the WACC of Rogers?
Group of answer choices
6.11%
8.31%
7.17%
7.55%
None of the above

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