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Lannister Manufacturing has a target debt - equity ratio of 0 . 5 2 . Its cost of equity is 1 8 percent, and its

Lannister Manufacturing has a target debt-equity ratio of 0.52.
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?

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