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XYZ company has a company structure comprised of 60% debt and 40% equity. Bondholders require a 6% rate of return, while stockholders want 9%. Tax

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XYZ company has a company structure comprised of 60% debt and 40% equity. Bondholders require a 6% rate of return, while stockholders want 9%. Tax rate is 30%. Given this information, what the the company's Weighted Average Cost of Capital (WACC)? Provide your answer with two decimal places. For example 12.34%

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