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The Cherished Cat's cost of equity is 16 percent and its after-tax cost of debt is 4.9 percent. What is the firm's weighted average cost
The Cherished Cat's cost of equity is 16 percent and its after-tax cost of debt is 4.9 percent. What is the firm's weighted average cost of capital if its debt-equity ratio is 0.64 and the tax rate is 32 percent?
A. 11.06 percent B. 11.33 percent C. 11.67 percent D. 12.23 percent
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