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Seahawk Pet Food Inc. is considering a new project. The firm uses 30 percent debt and 70 percent common stock as its capital structure. The

Seahawk Pet Food Inc. is considering a new project. The firm uses 30 percent debt and 70 percent common stock as its capital structure. The company's cost of equity is 14.0 percent while the aftertax cost of debt for the firm is 7.0 percent. What is the weighted average cost of capital?

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