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Getrich has 1.8 million shares outstanding and a current share price of $6.8 per share....

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Finance

Getrich has 1.8 million shares outstanding and a current share price of $6.8 per share. It also has $70.2 million in outstanding debt, with a debt cost of capital of 9.6%. Getrichs equity cost of capital is 12.7%. If the corporate tax rate is 27.5%, what is Getrich's weighted average cost of capital? Round your answer to two decimal places in percentage form.

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