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The Crabtree Company's cost of common equity is 17 percent, its before-tax cost of debt is 13 percent, and its marginal tax rate is 40
The Crabtree Company's cost of common equity is 17 percent, its before-tax cost of debt is 13 percent, and its marginal tax rate is 40 percent. The stock sells at book value. Using the following balance sheet, calculate Crabtree's WACC
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