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Suppose that tap dance, Inc.'s capital structure features 60 percent equity, 40 percent debt , and that its before ta cost of a debt is
Suppose that tap dance, Inc.'s capital structure features 60 percent equity, 40 percent debt , and that its before ta cost of a debt is 9 percent, while it cost of equity is 14 percent. Assume the appropriate weighted average tax rate is 34 percent. What will be Tap Dance's WACC?
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