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The Johnson Limited company is 60% financed by risk-free debt with an interest rate of 5%. The expected market risk premium is 6% and the

The Johnson Limited company is 60% financed by risk-free debt with an interest rate of 5%. The expected market risk premium is 6% and the Beta of Johnson Limited stock is 0.40. What is Johnson Limiteds after-tax WACC, assuming the firm pays tax at a 21% rate?

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