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Business, 31.12.2019 00:31 EvelynJ21011

Suppose that tipsntoes, inc.'s capital structure features 40 percent equity, 60 percent debt, and that its before-tax cost of debt is 9 percent, while its cost of equity is 15 percent. if the appropriate weighted average tax rate is 34 percent, what will be tipsntoes' wacc?

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