Getrich has 7.2 million shares outstanding and a current share price of $1.1 per share....
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Finance
Getrich has 7.2 million shares outstanding and a current share price of $1.1 per share. It also has $75.2 million in outstanding debt, with a debt cost of capital of 2.0%. Getrichs equity cost of capital is 11.0%. If the corporate tax rate is 33.3%, what is Getrich's weighted average cost of capital? Round your answer to two decimal places in percentage form.
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