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Suppose that TapDance, Inc.s, capital structure features 65 percent equity, 35 percent debt, and that its before-tax cost of debt is 7 percent, while its

Suppose that TapDance, Inc.s, capital structure features 65 percent equity, 35 percent debt, and that its before-tax cost of debt is 7 percent, while its cost of equity is 12 percent. Assume the appropriate weighted average tax rate is 34 percent.

What will be TapDances WACC? (Round your answer to 2 decimal places.)

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