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Suppose that TapDance, Inc.s, capital structure features 60 percent equity, 40 percent debt, and that...

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Finance

Suppose that TapDance, Inc.s, capital structure features 60 percent equity, 40 percent debt, and that its before-tax cost of debt is 7 percent, while its cost of equity is 12 percent. Assume the appropriate weighted average tax rate is 34 percent. What will be TapDances WACC? (Round your answer to 2 decimal places.)

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