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Calculating Weight average cost of capital: Homework question 13.7 Mullineaux coporation has a target capital structure of 70 percent common stock and 30 percent debt.

Calculating Weight average cost of capital: Homework question 13.7

Mullineaux coporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 15 percent, and the cost of debt is 8 percent. The relevant tax rate is 35 percent. What is Mullinaeux's WACC?

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