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Skolits Corporation has a cost of equity of 10.8 percent and an aftertax cost of...

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Finance

Skolits Corporation has a cost of equity of 10.8 percent and an aftertax cost of debt of 4.74 percent. The company's balance sheet lists long-term debt of $390,000 and equity of $650,000. The company's bonds sell for 106.1 percent of par and market-to-book ratio is 3.10 times. If the company's tax rate is 21 percent, what is the WACC?

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