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The Tax Cuts and Jobs Act of 2017 reduced the top corporate tax rate from 35% to 21%. Assuming all other variables remaining unchanged, this
The Tax Cuts and Jobs Act of 2017 reduced the top corporate tax rate from 35% to 21%. Assuming all other variables remaining unchanged, this tax act had the effect of:
- A. lowering a company's WACC
- B. raising a company's WACC
- C. having no impact on a company's WACC
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