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Branson Manufacturing has a target debi - equity ratio of 4 5 . Its cost of equity is 1 1 percent, and its pretax cost

Branson Manufacturing has a target debi-equity ratio of 45. Its cost of equity is 11 percent, and its pretax cost of debt is 6 percent. If the tax rate is 25 percent, what is the company's WACC?
Nole: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 declmal ploces, 0.9.,32.16.
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