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Brannan Manufacturing has a target debt-equity ratio of 70 . (Hint: if you're not sure what to do about debt-equityratio, watch my YouTube video on
Brannan Manufacturing has a target debt-equity ratio of 70 . (Hint: if you're not sure what to do about "debt-equityratio", watch my YouTube video on that topic, which you can also find in this week's module on Canvas.) Its cost of equity is 13 percent, and its cost of debt is 6 percent. If the tax rate is 24 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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