Target debt-equity ratio-company wacc

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Reference no: EM131593732

Miller Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 14 percent, and its cost of debt is 5 percent. If the tax rate is 38 percent, what is the company’s WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

WACC ___________ %

Reference no: EM131593732

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