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Terence Terraforming Inc. has a capital structure of 23% debt and 77% common stock. The expected return on the firm's debt is 5.5% (pre-tax) and

Terence Terraforming Inc. has a capital structure of 23% debt and 77% common stock. The expected return on the firm's debt is 5.5% (pre-tax) and the expected return on the firm's equity is 14%. The firm's marginal tax rate is 21%.

What is the company's weighted average cost of capital?

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