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Miller Manufacturing has a target debt-to-equity ratio of 0.50. Its cost of equity is 13 percent, and its cost of debt is 7 percent. If
Miller Manufacturing has a target debt-to-equity ratio of 0.50. Its cost of equity is 13 percent, and its cost of debt is 7 percent. If the tax rate is 40 percent, what is Millers WACC?
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Production And Operations Analysis
Authors: Steven Nahmias, Tava Lennon Olsen
7th Edition
1478623063, 9781478623069
