Calculate the WACC with tax rate

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The debt of this company is currently 60% of the total assets, the remainding capital structure is financed with common equity with a cost of 3%. The cost of the debt was $800,000 the entire $10,000,000 of the firm's liabilities. Please calculate the WACC with a tax rate of 40%.

Please do NOT answer on spread sheet.

Reference no: EM132044222

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