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Mullineaux Corporation has a target capital structure of 7 5 percent common stock and 2 5 percent debt. Its cost of equity is 1 3

Mullineaux Corporation has a target capital structure of 75 percent common stock and 25 percent debt. Its cost of equity is 13 percent,
and the cost of debt is 9 percent. The relevant tax rate is 35 percent.
What is Mullineaux's WACC? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
WACC
%
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