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Lannister Manufacturing has a target debt-equity ratio of .90. Its cost of equity is 12 percent, and its cost of debt is 7 percent. If

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Lannister Manufacturing has a target debt-equity ratio of .90. Its cost of equity is 12 percent, and its cost of debt is 7 percent. If the tax rate is 25 percent, what is the company's WACC? (Do not round Intermedlate caleulatlons and enter your answer as a percent rounded to 2 declmal places, e.g, 32.18.) WACC

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