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The Tailgate Store has a cost of equity of 8.6 percent. The company has an after-tax cost of debt of 4.5 percent, and the tax
The Tailgate Store has a cost of equity of 8.6 percent. The company has an after-tax cost of debt of 4.5 percent, and the tax rate is 39 percent. If the companys debtequity ratio is .76, what is the weighted average cost of capital?
8.34%
9.10%
8.85%
6.95%
6.83%
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