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What is a firm's weighted-average cost of capital for a firm that is financed 45% by debt? The debt has a 10% required return and

What is a firm's weighted-average cost of capital for a firm that is financed 45% by debt? The debt has a 10% required return and the equity has a 17% required return. The tax rate is 21%.

Multiple Choice

13.50%
13.85%
12.91%
9.00%

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