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XYZ Inc. has a target capital structure of 80% equity and 20% debt. Its cost of equity is 9% and the cost of debt is

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XYZ Inc. has a target capital structure of 80% equity and 20% debt. Its cost of equity is 9% and the cost of debt is 4%. 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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