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The Five and Dime Store has a cost of equity of 16.9 percent, a pretax cost of debt of 6.6 percent, and a tax rate

The Five and Dime Store has a cost of equity of 16.9 percent, a pretax cost of debt of 6.6 percent, and a tax rate of 32 percent. What is the firm's weighted average cost of capital if the debt-equity ratio is 0.25?

WACC =

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