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Branson Manufacturing has a target debt-equity ratio of .60. Its cost of equity is 13 percent, and its pretax cost of debt is 7

Branson Manufacturing has a target debt-equity ratio of .60. Its cost of equity is 13 percent, and its pretax cost of debt is 7 percent. If the tax rate is 23 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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