(Answered) Determine the target weighted average cost of capital for

Finance

Determine the target weighted average cost of capital for Felicia & Fred, given following assumptions:

Weights of 30% debt and 70% common equity (no preferred equity)
A 35% tax rate
The cost of debt is 9%
The beta of the company is 1.2
The risk free rate is 2%
The return on the market is 12%

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