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The beta of High Flyer share is 1 , the risk - free rate is 6 % , and the market risk premium is 8

The beta of High Flyer share is

1,

the risk

-

free rate is

6 %,

and the market risk premium is

8 % .

High Flyer has a

target debt ratio of

40 %

and incremental borrowing rate of

9 % .

What is the weighted average cost of capital of

High Flyer if the corporate tax rate is

28 % ?

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