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Mullineaux Corporation has a target capital structure of 55 percent common stock and 45 percent debt. Its cost of equity is 12.6 percent, and the

Mullineaux Corporation has a target capital structure of 55 percent common stock and 45 percent debt. Its cost of equity is 12.6 percent, and the cost of debt is 7.3 percent. The relevant tax rate is 21 percent.What is the company's WACC?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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