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Mullineaux Corporation has a target capital structure of 50 percent common stock. 10 percent preferred stock, and 40 percent debt. Its cost of equity is

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Mullineaux Corporation has a target capital structure of 50 percent common stock. 10 percent preferred stock, and 40 percent debt. Its cost of equity is 8 percent, the cost of preferred stock is 4 percent, and the pretax cost of debt is 5 percent. The relevant tax rate is 38 percent. What is the company's WACC? What is the aftertax cost of debt

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