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Question 1 (1 point) Assume that you are on the financial staff of Vanderheiden Inc.,...

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Question 1 (1 point) Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the company's outstanding bonds is 7.75%, its tax rate is 40%, the next expected dividend is 50.65 a share, the dividend is expected to grow at a constant rate of 6.00% a year, the price of the stock is $20.00 per share, the flotation cost for selling new shares is F - 10%, and the target capital structure is 45% debt and 55% common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget? O 8.19% 8.41% 5.76% 07.38% 7.53%

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