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The common stock of Company Xtrades at a price of $28 per share and is expected to pay a dividend of $0.49 per share next
The common stock of Company Xtrades at a price of $28 per share and is expected to pay a dividend of $0.49 per share next year (year 1)the growth rate in these dividends is expected to be 5.00% per year thereafter. Company X's market value of equity is $8,008.0 millions and their book value of equity is $4,804.8 million . Moreover, Company X has debt that currently trades with a yield to maturity of 12.00% and has a coupon rate of 6%. The market value of debt of Company X is $1,964.0 millionsThe company's tax rate is 23.00% and has no preferred sharesApproximately, what is Company X's WACC?
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