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XYZ company has decided to take a bank loan for the amount of $20 million with interest charged at 6%. XYZ also has 3 million

XYZ company has decided to take a bank loan for the amount of $20 million with interest charged at 6%. XYZ also has 3 million in equity shares outstanding trading at $10 each with a return to shareholders of 11%. The company has a tax rate of 35%. What is the after tax Weighted Average Cost of Capital?

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