If the market is expected to return 8 the risk free rate is


Please Show all Work :- Apple has a $477 billion market cap (the value of their equity) and $17 billion in long term debt (market value of their debt). Yahoo Finance estimates their Beta at 0.58, and the cost of their debt (required rate of return on debt) of 3%. If the market is expected to return 8%, the risk free rate is 1%, and the corporate tax rate is 30%, what is Apple's WACC?

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Finance Basics: If the market is expected to return 8 the risk free rate is
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