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Suppose a firm has a capital structure with 56% debt and faces a 30.9% tax rate. If the required return on debt is 8.2% and
Suppose a firm has a capital structure with 56% debt and faces a 30.9% tax rate. If the required return on debt is 8.2% and the required return on equity is 9.3, what is the WACC? Answer in percent e.g., 11.5 instead of .115 and provide at least three significant digits e.g., 4.56 or 12.1. show work
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