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Mullineaux Corporation has a target capital structure of 4 6 percent common stock and 5 4 percent debt. Its cost of equity is 1 5

Mullineaux Corporation has a target capital structure of 46 percent common stock and 54 percent debt. Its cost of equity is 15.8 percent, and the after-tax cost of debt is 6.8 percent. What is the WACC given a tax rate of 21 percent?

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