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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

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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 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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