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Your company is financed 30% with riskless debt with a yield of 6% and 70% with equity with a cost of 14%. The corporate tax

Your company is financed 30% with riskless debt with a yield of 6% and 70% with equity with a cost of 14%. The corporate tax rate is 30%.

a. What is the company's WACC at its existing capital structure?

b. What would be the new WACC if it changes to being 40% debt financed?

Please show written work if possible, THANK YOU!!

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