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Lannister Manufacturing has a target debt-equity ratio of 0.61. 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 0.61. Its cost of equity is 16 percent, and its cost of debt is 9 percent. If the tax rate is 32 percent, what is the company's WACC? Multiple Choice

12.26% 12.87% 9.86% 9.97% 11.64%

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