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The corporate tax rate is given by 40%. If a given firm has $1,000,000 in debt and $3,000,000 in equity, with a pre-tax cost of

The corporate tax rate is given by 40%. If a given firm has $1,000,000 in debt and $3,000,000 in equity, with a pre-tax cost of debt of 5% and a cost equity of 15%, then the WACC of this firm is given by:

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10%

11%

12%

13%

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