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Suppose you are examining RingCorp and see the following information. It has $ 1 3 million in debt, a 2 1 % marginal corporate tax

Suppose you are examining RingCorp and see the following information. It has $13 million in debt, a 21% marginal corporate tax rate, a pre-tax cost of debt funding of 7.2%, and a cost of equity funding of 14.8%. The equity to value ratio is 72%. What is the weighted cost of capital? What is the firm's value?
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