View the step-by-step solution to: Maloney's Inc has found that its cost of common equity capital is

Maloney's Inc has found that its cost of common equity capital is 17% and its cost of debt capital is 6%. if the firm is financed with $3,000 of common shares and $2,000,000 of debt, then what is the after-tax weighted average cost of capital for Maloney's if it is subject to a 40% marginal tax rate?
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