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Brannan Manufacturing has a target debt - equity ratio of . 6 0 . Its cost of equity is 1 3 percent, and its cost

Brannan Manufacturing has a target debt

-

equity ratio of

. 60 .

Its cost of equity is

13

percent, and its cost of debt is

7

percent. If the tax rate is

23

percent, what is the company's WACC? Correct steps

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