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miller manufacturing has a target debt-equity ratio of .55. Its cost of equity is 12.9% and its cost of debt is 7.6%. If the tax

miller manufacturing has a target debt-equity ratio of .55. Its cost of equity is 12.9% and its cost of debt is 7.6%. If the tax rate is 24%, what is the company's WACC? (Do not round intermediate calculations and round answer to 2 decimal place). Answer is NOT 8.9818%.

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