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XYZ Inc. has a target capital structure of 55% equity and 45% debt. Its cost of equity is 11% and the before-tax cost of debt

XYZ Inc. has a target capital structure of 55% equity and 45% debt. Its cost of equity is 11% and the before-tax cost of debt is 5%. The relevant tax rate is 21%. Calculate the WACC for the firm. (Enter percentages as decimals and round to 4 decimals)

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