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SIROM Scientific Solutions has $5 million of outstanding equity and $10 million of bank debt. The bank debt costs 7% per year. The estimated equity

SIROM Scientific Solutions has $5 million of outstanding equity and $10 million of bank debt. The bank debt costs 7% per year. The estimated equity beta is 2. If the market risk premium is 9% and the risk-free rate is 3%, compute the weighted average cost of capital if the firm's tax rate is 35%

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