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Your firm is has equity of $3,330,000.00 and debt of $1,400,000.00. The firm has been estimate to have a beta of 0.80 and the expected

Your firm is has equity of $3,330,000.00 and debt of $1,400,000.00. The firm has been estimate to have a beta of 0.80 and the expected market risk premium (MRP) is 4.46% with the risk-free rate at 3.84%. The firm just recently issued bonds which traded at $1,048.12 on it's issue date and they have a 10-year maturity (assume standard corporate bonds). The stated rate on the bonds was 5.00%. What is your firm's weighted average cost of capital (WACC) if the tax rate is 33.00%? (enter your value as a percent (i.e. 20.5 for 20.5%) tolerance is 0.1)

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