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Brannan Manufacturing has a target debt-equity ratio of .65. Its cost of equity is 13 percent, and its cost of debt is 6 percent.
Brannan Manufacturing has a target debt-equity ratio of .65. Its cost of equity is 13 percent, and its cost of debt is 6 percent. If the tax rate is 25 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as percent rounded to 2 decimal places, e.g., 32.16.)
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
