Question: Bama Tide Inc. typically uses equity as their main source of funding and typically only finances with 20% debt. The firm's after-tax cost of debt

Bama Tide Inc. typically uses equity as their main source of

Bama Tide Inc. typically uses equity as their main source of funding and typically only finances with 20% debt. The firm's after-tax cost of debt has been estimated to be 4% while their after-tax cost of equity is estimated at 14%. If the firm faces a 40% tax rate, what is their WACC

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