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The ABC Company has a cost of equity of 28.25 percent, a before-tax cost of debt of 5.5 percent, and a tax rate of 21

The ABC Company has a cost of equity of 28.25 percent, a before-tax cost of debt of 5.5 percent, and a tax rate of 21 percent. What is the firms weighted average cost of capital if the proportion of debt is 60%?

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