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Miller Manufacturing has a target debt-equity ratio of 0.70. Its cost of equity is 14 percent, and its cost of debt is 7 percent. If

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Miller Manufacturing has a target debt-equity ratio of 0.70. Its cost of equity is 14 percent, and its cost of debt is 7 percent. If the tax rate is 38 percent, what is Miller's WACC? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) WACC %

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