Assume the appropriate weighted-average tax rate

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Suppose the JB Cos. has a capital structure of 80 percent equity, 20 percent debt, and that its before tax cost of debt is 13 percent while its cost of equity is 17 percent. Assume the appropriate weighted-average tax rate is 25 percent. What will be JB WACC? (Round your answer to 2 decimal places.)

Reference no: EM131972535

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