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Wix Inc. wants to have a weighted average cost of capital of 8.5 %. The firm has an after-tax cost of debt of 4.6 %

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Wix Inc. wants to have a weighted average cost of capital of 8.5 %. The firm has an after-tax cost of debt of 4.6 % and a cost of equity of 12 %. What debt- equity ratio is needed for the firm to achieve the targeted weighted average cost of capital? Select one: O a. 0.72 O b. 0.84 O c. 0.90 O d. 0.66 O e. 0.77 FI

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