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The market value of a company's equity is $60 million and the market value of its debentures is $40 million. The cost of equity (R

The market value of a company's equity is $60 million and the market value of its debentures is $40 million. The cost of equity (RE) is 18% and the current yield-to-maturity of the debentures is 12%. If the tax rate is 40%, find the WACC of the company.

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