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

Brannan Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 15 percent, and its pretax cost of debt is 7 percent. If the tax rate is 21 percent, what is the company's WACC?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
WACC
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