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Find the jungle weighted-average cost of capital

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Question - Jungle Corporation's capital structure consists of 40% debt (with a pretax cost of 10%), and the balance of common equity (with a cost of 18%). The company's income tax rate (federal and state combined), t, is 60%. Find the Jungle's weighted-average cost of capital (WACC), to one decimal point?

Reference no: EM133156708

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