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Skolits Corporation has a cost of equity of 111 percent and on aftertox cost of debt of 465 percent. The company's balance sheet lists long-term
Skolits Corporation has a cost of equity of 111 percent and on aftertox cost of debt of 465 percent. The company's balance sheet lists long-term debt of $375,000 and equity of $635,000. The company's bonds sell for 105.5 percent of par and market-to-book ratio is 301 times. If the company's tax rate is 21 percent, what is the WACC
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