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Highfield Stockyard has a target debt to equity ratio of .50. The company's cost of equity is 15 percent, and its cost of debt is

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Highfield Stockyard has a target debt to equity ratio of .50. The company's cost of equity is 15 percent, and its cost of debt is 6 percent. If the tax rate is 34 percent, what is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC % 05

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