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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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