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Ronnie's Comics has found that its cost of common equity capital is 10.0% and its cost of debt capital is 4.5%. The market value of

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Ronnie's Comics has found that its cost of common equity capital is 10.0% and its cost of debt capital is 4.5%. The market value of the firm's common stock is $21,000,000 and its debt is $17,000,000. What is the Weighted Average Cost of Capital for Ronnie's, if it is subject to a 20% marginal tax rate? Show your answer as a percentage - go out two decimal places Your

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