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SIROM Scientific Solutions has 12 million of outstanding equity and 4 million of bank debt. The bank debt costs 4% per year. The estimated equity

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SIROM Scientific Solutions has 12 million of outstanding equity and 4 million of bank debt. The bank debt costs 4% per year. The estimated equity beta is 1 . If the market risk premium is 8% and the risk-free rate is 4%, calculate the weighted average cost of capital if the firm's tax rate is 30%. 8.73% 9.22% 9.70% 10.67%

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