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Mullineaux Corporation has a target capital structure of 6 5 percent common stock and 3 5 percent debt. Its cost of equity is 1 4

Mullineaux Corporation has a target capital structure of

65

percent common stock and

35

percent debt. Its cost of equity is

14

percent, and the cost of debt is

8

percent. The relevant tax rate is

30

percent. What is the companys WACC?

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