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Lannister Manufacturing has a target debt - equity ratio of 0 . 7 . Its cost of equity is 1 8 percent, and its cost

Lannister Manufacturing has a target debt-equity ratio of 0.7. Its cost of equity is 18 percent, and its cost of debt is 9 percent. If the tax rate is 33 percent, what is the company's WACC?
Multiple Choice
9.62%
13.72%
12.42%
10.96%
13.07%

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