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The investment project considered by a firm is going to be financed 50% by debt and 50% by equity. The interest rate of the debt

The investment project considered by a firm is going to be financed 50% by debt and 50% by equity. The interest rate of the debt is 24% while the corporate tax rate is 20%. The firm planning that investment has a beta value of 1.2 while the risk free rate of interest is 18% and the expected return of the stock market next year is 40%. Given this information; calculate the weighted cost of capital for that investment.

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