Target capital structure, Mullineaux Corporation has a

Target capital structure

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Reference no: EM132020597

Calculating WACC

Mullineaux Corporation has a target capital structure of 80 percent common stock and 20 percent debt. Its cost of equity is 15 percent, and the cost of debt is 8 percent. The relevant tax rate is 35 percent.

What is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

WACC %

Reference no: EM132020597

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