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Suppose you are estimating the WACC for a company, which has the following data from its balance sheet: total debt = $ 2 6 0

Suppose you are estimating the WACC for a company, which has the following data from its balance sheet: total debt =$260 million; total equity =$170 million. It has 20 million shares outstanding, and its stock is trading at $30 per share. Your analysis shows that the company's current borrowing rate is 7%, and that the cost of equity is 15%. If the company marginal tax rate is 30%, what is its WACC?
11.9%
12.3%
12.9%
13.4%
14%
14.4%
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