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The weight of equity in the capital structure is 100% for company XYZ. The after-tax cost of debt is 10%. The corporate tax rate is

The weight of equity in the capital structure is 100% for company XYZ. The after-tax cost of debt is 10%. The corporate tax rate is 21 percent. What is the weighted average cost of capital if the cost of equity is 15%? (round your answer to two decimal places)

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