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You are the CFO of a company and you just heard that the government has decided to increase the corporate tax rate. What happens to

You are the CFO of a company and you just heard that the government has decided to increase the corporate tax rate. What happens to your company's WACC assuming no other changes?

a) It decreases

b) It is unchanged

c) It depends on the magnitude of the change in the tax rate

d) It increases

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