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A company has a cost of equity of 11.2 percent and an aftertax cost of debt of 4.26 percent. The company's balance sheet lists long-term

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A company has a cost of equity of 11.2 percent and an aftertax cost of debt of 4.26 percent. The company's balance sheet lists long-term debt of $310,000 and equity of $570,000. The company's bonds sell for 95.5 percent of par and market-to-book ratio is 2.62 times. If the company's tax rate is 39 percent, what is the WACC? Multiple Choice 10.68% 9.78% 10.05% 9.27% O 8.76%

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