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What is Ningbo Shippings WACC if its after tax cost of debt is 3.5%, its...

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Accounting

What is Ningbo Shippings WACC if its after tax cost of debt is 3.5%, its cost of retained earnings is 14%, and the firms market value of debt is $40 million while the market value of its equity is $60 million?

a. 9.8%.

b. 3.5%.

c. 11.8%.

d. 14.7%.

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