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Lannister Manufacturing has a target debt-equity ratio of 0.69. Its cost of equity is 16 percent, and its cost of debt is 8 percent. If

Lannister Manufacturing has a target debt-equity ratio of 0.69. Its cost of equity is 16 percent, and its cost of debt is 8 percent. If the tax rate is 32 percent, what is the company's WACC? Multiple Choice 8.71% 9.75% 11.69% 11.1% 12.27%

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