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Yellow Submarine, Co . has a cost of equity of 1 0 . 8 1 percent, a cost of debt of 5 . 4 5

Yellow Submarine, Co. has a cost of equity of 10.81 percent, a cost of debt of 5.45 percent, and a tax rate of 21 percent. The company uses only debt and equity and the company's percentage of debt in its capital structure is 37%. What is the company's WACC?
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8.40%
8.83%
6.78%
10.43%

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