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Weekend Warriors, Inc., has 40% debt and 60% equity in its capital structure. The firm's estimated after-tax cost of debt is 9% and its estimated

Weekend Warriors, Inc., has 40% debt and 60% equity in its capital structure. The firm's estimated after-tax cost of debt is 9% 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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