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Suppose that TapDance, Inc.s capital structure features 75 percent equity, 25 percent debt, and that its before-tax cost of debt is 8 percent, while its
Suppose that TapDance, Inc.s capital structure features 75 percent equity, 25 percent debt, and that its before-tax cost of debt is 8 percent, while its cost of equity is 13 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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