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Mullineaux Corporation has a target capital structure of 65 percent common stock and 35 percent debt. Its cost of equity is 16 percent, and the

Mullineaux Corporation has a target capital structure of 65 percent common stock and 35 percent debt. Its cost of equity is 16 percent, and the cost of debt is 10 percent. The relevant tax rate is 30 percent.

What is the companys WACC?

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