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Lannister Manufacturing has a target debtequity ratio of .50. Its cost of equity is 14 percent, and its cost of debt is 8 percent. If
Lannister Manufacturing has a target debtequity ratio of .50. Its cost of equity is 14 percent, and its cost of debt is 8 percent. If the tax rate is 38 percent, what is the company's WACC?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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