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Weekend Warriors, Inc., has 25% debt and 75% equity in its capital structure. The firm's estimated after-tax cost of debt is 7% and its estimated

Weekend Warriors, Inc., has

25%

debt and

75%

equity in its capital structure. The firm's estimated after-tax cost of debt is

and its estimated cost of equity is

16%.

Determine the firm's weighted average cost of capital

(WACC).

Weekend Warriors' weighted average cost of capital (WACC) is

(Round to two decimal places.)

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