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Jack's Construction Co. has bonds that are yielding a pre-tax 8.6 percent. The firm's cost...

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Finance

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Jack's Construction Co. has bonds that are yielding a pre-tax 8.6 percent. The firm's cost of common equity is 12.8 percent. The firm's capital structure consists of 67 percent equity and 33 percent debt. What is the firm's weighted average cost of capital (WACC) assuming the firm's tax rate is 21 percent? (Choose closest answer if necessary)

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