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17. When the cost of equity is 14%, the cost of debt is 8%, the marginal tax rate is 30% and the capital structure is

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17. When the cost of equity is 14%, the cost of debt is 8%, the marginal tax rate is 30% and the capital structure is 80% equity and 20% debt, what must be the weighted average cost of capital (WACC)? A) 14% B) 7.7% C) 9.4% D) 12.32% E) 11%

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