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The Five and Dime Store has a cost of equity of 13.66 percent, a pretax cost of debt of 8.48 percent, and a tax rate
The Five and Dime Store has a cost of equity of 13.66 percent, a pretax cost of debt of 8.48 percent, and a tax rate of 25 percent. What is the firm's weighted average cost of capital if the debt-equity ratio is 0.21? Write your answer in percentage form, and round your answer to 2 decimal places.
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