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i always thumbs up! KSS corporation uses 40% debt and 60% equity...

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KSS corporation uses 40% debt and 60% equity to finance new capital expenditzares. The before tax cost of debt is 5%, the marginal tax rate is 40%, the cost of retained earnings is 12% and the cost of a new stock issue is 14%. What is the WACC if retained earnings are used? 9.6% 8.4% O 10.2%

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