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Wentworth's Five and Dime Store has a cost of equity of 12.1 percent. The company has an aftertax cost of debt of 5 percent, and
Wentworth's Five and Dime Store has a cost of equity of 12.1 percent. The company has an aftertax cost of debt of 5 percent, and the tax rate is 22 percent. If the company's debt-equity ratio is .81, what is the weighted average cost of capital?
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