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Shim Interiors has a target debt-equity ratio of .40. Its cost of equity is 13.5 percent and its pretax cost of debt is 5.5 percent.

Shim Interiors has a target debt-equity ratio of .40. Its cost of equity is 13.5 percent and its pretax cost of debt is 5.5 percent. Its tax rate is 21 percent. What is the company's WACC? Multiple Choice 9.97% 5.10% 10.88% 6.96% 11.21%

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