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XFang Ltd's debt is 37.5 percent of its total capital. The firm does not issue preferred stock. The cost of equity is 14.5 percent and

XFang Ltd's debt is 37.5 percent of its total capital. The firm does not issue preferred stock. The cost of equity is 14.5 percent and the after-tax cost of debt is 4.8 percent. What is the weighted average cost of capital

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