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The debt of this company currently 60% of the total assets the remaining capital structure is financed with common equity with a cost of 3%.

The debt of this company currently 60% of the total assets the remaining capital structure is financed with common equity with a cost of 3%. The cost of the debt was 800,000 the entire 10000000 of the firms liabities please calculate the wacc with tax rate of 40%

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