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You financed a project with 12% debt and (100-12)% equity. Your initial investment is $32,000, while you expected cash flow one year from now is
You financed a project with 12% debt and (100-12)% equity. Your initial investment is $32,000, while you expected cash flow one year from now is $36,000. The risk-free rate is 4.5%. The WACC in a perfect capital market will be ___%? (Round your answer to one decimal place.)
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