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Which of the following statements is CORRECT? Select one: a. If tax rate decreases, then weighted average cost of capital declines. b. WACC is calculated

Which of the following statements is CORRECT?

Select one:

a. If tax rate decreases, then weighted average cost of capital declines.

b. WACC is calculated using before-tax costs for all components.

c. WACC is calculated as a firms marginal after-tax cost of capital

d. After-tax cost of debt usually exceeds after-tax cost of equity

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