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38. Pull n Win Company uses 30% debt and 70% common equity in its capital...

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38. Pull n Win Company uses 30% debt and 70% common equity in its capital structure. Given the following information, what is the weighted average cost of capital (WACC) for Pull n Win? Before-tax cost of debt =8% Corporate tax rate =40% Dividend growth rate =5% Current common stock price =$50 Recent dividend =$4.60 11.10%12.88%11.70%10.72%12.06%

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