A company has a beta of 1.1, pre-tax cost of debt of 5.8% and an...
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A company has a beta of 1.1, pre-tax cost of debt of 5.8% and an effective corporate tax rate of 27%. 35% of its capital structure is debt and the rest is equity. The current risk-free rate is 0.9% and the expected market return is 6.5%. What is this company's weighted average cost of capital? Answer in percent, rounded to one decimal place.
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