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Unireval Products has a capital structure which contains 30 percent debt and 70 percent equity based on market values. If the after-tax cost of debt

Unireval Products has a capital structure which contains 30 percent debt and 70 percent equity based on market values. If the after-tax cost of debt is 8% and the cost of equity is 16%, what is the firm's after-tax cost of capital?

24%

13.6%

12%

10.4%

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