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The Rogers Company has a cost of equity of 11.0% and a pre-tax cost of debt of 7.0%. The firm maintains a debt-equity ratio of

The Rogers Company has a cost of equity of 11.0% and a pre-tax cost of debt of 7.0%. The firm maintains a debt-equity ratio of 0.5 and has a tax rate of 35% . What is the firms weighted average cost of capital?

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