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To prepare a capital budgeting committee meeting, you must estimate the firms WACC. The firm has a 25% target Net-Debt-to-Equity market leverage ratio under which

To prepare a capital budgeting committee meeting, you must estimate the firms WACC. The firm has a 25% target Net-Debt-to-Equity market leverage ratio under which the costs of debt and equity are 4% and 8%. The corporate tax rate is 40%. What is its WACC?

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