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Skolits Corporation has a cost of equity of 1 1 . 8 percent and an aftertax cost of debt of 4 . 4 4 percent.

Skolits Corporation has a cost of equity of 11.8 percent and an aftertax cost of debt of 4.44 percent. The company's balance sheet lists long-term debt of $340,000 and equity of $600,000. The company's bonds sell for 104.1 percent of par and the market-to-book ratio is 2.80 times. If the company's tax rate is 24 percent, what is the WACC?
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