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Business, 20.11.2020 14:00 mvtthewisdead

XYZ Inc. has $10 million in excess cash, a market capitalization of $300 million and a market value of debt of $110 million. Its cost of equity is 12% and its cost of debt is 5%. The corporate tax rate is 31%. Calculate the WACC for XYZ Inc. Express your answer in percent and round to two decimals (do not include the %-symbol in your answer).

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XYZ Inc. has $10 million in excess cash, a market capitalization of $300 million and a market value...
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