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The firm's capital structure is composed of 45% debt and 55% of equity The firm's after-tax cost of debt is 8%, and cost of equity

The firm's capital structure is composed of 45% debt and 55% of equity The firm's after-tax cost of debt is 8%, and cost of equity is 12%. The firm's marginal tax rate is 30%. Calculate the firm's weighted average cost of capital.

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