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What is the WACC for a firm with 50% debt and 50% equity that pays 12% on its debt, 20% on its equity, and has

What is the WACC for a firm with 50% debt and 50% equity that pays 12% on its debt, 20% on its equity, and has a 21% tax rate?

Multiple Choice

14.7%

9.6%

16.0%

12.0%

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