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The following data is regarding the Blue Company: A target debt / equity ratio of 2 / 3 Bonds are currently yielding 1 1 %

The following data is regarding the Blue Company:
A target debt/equity ratio of 2/3
Bonds are currently yielding 11%
Blue is a constant growth firm that just paid a dividend of $2.00 Stock sells for $21per share, and has a growth rate of 5% Corporate income tax rate is 20%
What is Blue's WACC

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