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Your firm has an EBIT of $ 3 0 0 , 0 0 0 . The cost of equity is 1 2 . 1 9

Your firm has an EBIT of $300,000. The cost of equity is 12.19%, the yield on bonds is 9.50%, and the coupon rate on bonds is 8.50%. You also have $1,200,000 of debt and $3,000,000 of equity. The corporate tax rate is 35%. What is the WACC?

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