Question: Please show step by step to get answer: Beyond Chocolate, Inc. shares have a market capitalization of $5.6 billion. The company is expected to pay

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Beyond Chocolate, Inc. shares have a market capitalization of $5.6 billion. The company is expected to pay a dividend of $0.20 per share and each share trades for $90. The growth rate in dividends is expected to be 6% per year. Also, Beyond Chocolate has $1.4 billion of debt that trades with a yield to maturity of 9%. If the firm's tax rate is 20%, what is the WACC?

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