SNG Ltd uses 65 percent equity in its capital structure. The cost of equity capital...

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Finance

SNG Ltd uses 65 percent equity in its capital structure. The cost of equity capital of D Ltd is 13.21 percent and the yield to maturity of its debt capital is 11.40 percent. Find the WACC for D Ltd if the tax rate is 31 percent.

(Write your answer using numbers only, rounded to two decimal places. For example, if your answer is 12.345%, write only 12.35)

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