Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 14 percent, and the cost of debt is 8 percent. The relevant tax rate is 35 percent.

What is Mullineauxs WACC? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

WACC

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