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TL Inc. is capital is made up of 50% debt and its debt has a pretax interest rate of 7%. Future dividends are expected grow

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TL Inc. is capital is made up of 50% debt and its debt has a pretax interest rate of 7%. Future dividends are expected grow by 6%. TL's common stock is selling at $21.00 per share and its most recent dividend was $0.80. Calculate the WACC if the tax rate is 35%

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