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Business, 26.10.2021 14:00 makayla912

Hammond/Lauderdale Corporation uses no preferred stock. Their capital structure uses 36% debt (hint: the rest is equity). Their marginal tax rate is 20.4%. Their cost of equity is 10.29%, and their before-tax cost of debt is 3.46%. What is Hammond/Lauderdale's weighted average cost of capital (WACC)

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