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Miller Manufacturing has a target debt-equity ratio of .30. Its cost of equity is 12 percent, and its cost of debt is 7 percent. If

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Miller Manufacturing has a target debt-equity ratio of .30. Its cost of equity is 12 percent, and its cost of debt is 7 percent. If the tax rate is 34 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC

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