Brown Street Grocers has a cost of equity of 11.8 percent, a pre-tax cost of debt of 6.9 percent, and a tax rate of 35 percent. What is the firm's weighted average cost of capital if the debt-equity ratio is 0.6? a. 11.80 percent b. 2.08 percent c. 9.70 percent d. 8.44 percent e. 9.06 percent
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