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Time Warner common shares have a current market capitalization of $50 billion. The company has a cost of equity of 8%. Also, Time Warner has

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Time Warner common shares have a current market capitalization of $50 billion. The company has a cost of equity of 8%. Also, Time Warner has debt outstanding currently worth $15 billion at an interest rate of 8%. If the firm's tax rate is 30%, what is the WACC? 7.24% 9.5% 7.45% 8.0% 6.80%

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