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Your firm is financed by 40% equity and 60% debt. The cost of equity is16% and the cost of debt is 7%. Your corporate tax

Your firm is financed by 40% equity and 60% debt. The cost of equity is16% and the cost of debt is 7%. Your corporate tax rate is 37%. What is your weighted average cost of capital (WACC)?

a. 7.77% b. 8.09% c. 8.78% d. 9.05% e. 9.58%

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