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The Beta Corporation has an optimal debt ratio of 44 percent. Its cost of equity capital is 10.1 percent and its before-tax borrowing rate is

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The Beta Corporation has an optimal debt ratio of 44 percent. Its cost of equity capital is 10.1 percent and its before-tax borrowing rate is 5.6 percent. Given a marginal tax rate of 33 percent, calculate the weighted-average cost of capital ( X.XX% )

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