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Miller Manufacturing has a target debt-equity ratio of .45. Its cost of equity is 12.1 percent and its cost of debt is 6.8 percent. If
Miller Manufacturing has a target debt-equity ratio of .45. Its cost of equity is 12.1 percent and its cost of debt is 6.8 percent. If the tax rate is 21 percent, what is the companys WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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