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The stock of Jakked Corp has a beta of 0 . 8 . Treasury bills yield 4 . 5 % and the market portfolio offers

The stock of Jakked Corp has a beta of 0.8. Treasury bills yield 4.5% and the market portfolio offers an expected return of 13%. In addition to equity, Jakked finances 60% of its assets with debt that has a yield to maturity of 7%. The firm is in the 25% marginal tax bracket. Given this information, what is Jacket's weighted average cost of capital (WACC)?

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