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Mullineaux Corporation has a target capital structure of 65 percent common stock an 35 percent debt. Its cost of equity is 11.3 percent, and the

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Mullineaux Corporation has a target capital structure of 65 percent common stock an 35 percent debt. Its cost of equity is 11.3 percent, and the cost of debt is 6 percent. Th relevant tax rate is 23 percent. What is the company's WACC? (Do not round intermediate calculations and enter yo answer as a percent rounded to 2 decimal places, e.g., 32.16.) ok WACC % mt ME 13

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