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Miller Manufacturing has a target debtequity ratio of .65. Its cost of equity is 16 percent, and its cost of debt is 5 percent. If

Miller Manufacturing has a target debtequity ratio of .65. Its cost of equity is 16 percent, and its cost of debt is 5 percent. If the tax rate is 34 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.)

WACC %

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