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Mullineaux Corp has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 13 percent and the
Mullineaux Corp has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 13 percent and the cost of debt of debt is 6 percent. The relevent tax rate is 35 percent. What is Mullineaux's WACC?
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