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Suppose that your firm has a cost of equity of 18% and a cost of debt of 8%. If the target debt/equity ratio is 0.60,

Suppose that your firm has a cost of equity of 18% and a cost of debt of 8%. If the target debt/equity ratio is 0.60, and the tax rate is 21%, what is the firm's weighted average cost of capital (WACC)? A) 7.4% B) 9.9% C) 11.8% D) 13.62% E) 14.3%

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