Ivanhoe's T-Shirts, Inc., has debt claims of $230 (market value) and equity claims of $770...
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Ivanhoe's T-Shirts, Inc., has debt claims of $230 (market value) and equity claims of $770 (market value). If the after-tax cost of debt financing is 10 percent and the cost of equity is 16 percent, what is Ivanhoe's weighted average cost of capital? (Round answer to 2 decimal places, e.g. 15.25%.)
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