About the target debt-equity ratio

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Reference no: EM13923869

Benjamin Manufacturing has a target debt-equity ratio of .64. Its cost of equity is 13.1 percent, and its cost of debt is 8.1 percent. Required: If the tax rate is 34 percent, what is the company’s WACC?

(Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Reference no: EM13923869

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