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Branson Manufacturing has a target debt-equity ratio of .95 . Its cost of equity is 11 percent, and its pretax cost of debt is 7

Branson Manufacturing has a target debt-equity ratio of .95 . Its cost of equity is 11 percent, and its pretax cost of debt is 7 percent. the tax rate is 24 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.9., 32.16

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