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Thanks! Purple, Inc., has a target debt-equity ratio of .50. Its cost of equity is 14 percent, and its cost of debt is 8 percent.

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Purple, Inc., has a target debt-equity ratio of .50. Its cost of equity is 14 percent, and its cost of debt is 8 percent. If the tax rate is 25 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %

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