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Brannan Manufacturing has a target debt - equity ratio of 4 5 . Its cost of equity is 1 1 . 4 percent, and its

Brannan Manufacturing has a target debt

-

equity ratio of

45 .

Its cost of equity is

11.4

percent, and its cost of debt is

6.1

percent. If the tax rate is

25

percent, what is the company's WACC?

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