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Wentworth's Five and Dime Store has a cost of equity of 12.9 percent. The company has an aftertax cost of debt of 4.2 percent, and

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Wentworth's Five and Dime Store has a cost of equity of 12.9 percent. The company has an aftertax cost of debt of 4.2 percent, and the tax rate is 40 percent. If the company's debt-equity ratio is.89, what is the weighted average cost of capital? Multiple Choice 6.98% 8.80% 762% 8.01% 741%

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