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The following information relates to the Atlas Division of Global Enterprises: Interest rate on debt...

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Accounting

The following information relates to the Atlas Division of Global Enterprises: Interest rate on debt capital: 6% Cost of equity capital: 10% Market value of debt capital: $41 million Market value of equity capital: $71 million Income tax rate: 35% On the basis of this information, Atlas's weighted-average cost of capital is closest to (Do not round your intermediate calculations.):

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