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Mullineaux Corporation has a target capital structure of 60 percent common stock, 5 percent preferred stock, and 35 percent debt. Its cost of equity is
Mullineaux Corporation has a target capital structure of 60 percent common stock, 5 percent preferred stock, and 35 percent debt. Its cost of equity is 14 percent, the cost of preferred stock is 7 percent, and the cost of debt is 8.7 percent. The relevant tax rate is 35 percent. What is Mullineaux's WACC What is the aftertax cost of debt
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