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Miller Manufacturing has a target debt-equity ratio of .35. It cost of equity is 4 percent., and its cost of debt is 5 percent. If

Miller Manufacturing has a target debt-equity ratio of .35. It cost of equity is 4 percent., and its cost of debt is 5 percent. If the tax rate is 38 percent, what is the company's WACC? (round answer to two decimals).

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