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Mullineaux Corp. has a target capital structure of 65% common stock, 10% preferred stock, and 25% debt. Its cost of equity is 15%, the cost

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Mullineaux Corp. has a target capital structure of 65% common stock, 10% preferred stock, and 25% debt. Its cost of equity is 15%, the cost of preferred stock is 6%, and the cost of debt is 7.5%. The tax rate is 35%. Find Mullineaux's weighted average cost of capital

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