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Sally gathered the following data for a company: it has $100,000 in bank loans with 9% interest rate it has $500,000 in long term debt

Sally gathered the following data for a company:

it has $100,000 in bank loans with 9% interest rate

it has $500,000 in long term debt with 14% interest rate

it has equity worth $1,000,000 with an estimated cost of 25%

What is the weighted average cost of capital based on a 30% tax rate.

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