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RR Co. currently has $12,000 debt and $28.000 equity in the firm. Its borrowing cost is 7%, its tax rate is 40%, and its cost

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RR Co. currently has $12,000 debt and $28.000 equity in the firm. Its borrowing cost is 7%, its tax rate is 40%, and its cost of equity is at 12%. What is the value of RR Co.'s weighted average cost of capital (WACC)? (Show your work for credit! NO credit will be granted if no calculation information is provided.)

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