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Spruce Systems capital structure is 55% equity and 45% debt. The cost of equity is 18% and the pre-tax cost of debt is 9%. The

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Spruce Systems capital structure is 55% equity and 45% debt. The cost of equity is 18% and the pre-tax cost of debt is 9%. The tax rate is 20%. What is the weighted average cost of capital (WACC)? Enter your answer as a decimal (do not use the percent sign) Round your answer to 4 decimal points (0.000) 14.85

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