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Lannister Manufacturing has a target debt-equity ratio of 0.6. Its cost of equity is 16 percent, and its cost of debt is 9 percent. If

Lannister Manufacturing has a target debt-equity ratio of 0.6. Its cost of equity is 16 percent, and its cost of debt is 9 percent. If the tax rate is 34 percent, what is the company's WACC?

Multiple Choice

9.71%
12.84%
12.23%
11.62%

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