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The CRM company has a current debt-to-equity ratio of 0.52 and a target debt-to-equity ratio of 0.45. The cost of issuing equity is 9.5% and

The CRM company has a current debt-to-equity ratio of 0.52 and a target debt-to-equity ratio of 0.45. The cost of issuing equity is 9.5% and the cost of issuing debt is 6.6%. What should the company use as the weighted average cost of issuance?

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