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The Hair Cuttery uses 72.9% equity and the rest debt to finance the buildout of...

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Finance

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The Hair Cuttery uses 72.9% equity and the rest debt to finance the buildout of its new location. Its cost of equity is 164 percent, and its pretax cost of debt is 8.2 percent, after flotation costs. If the Company's marginal tax rate is 21 percent, what is the company's WACC? 13.7 percent 11.9 percent 12.8 percent 11.5 percent

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