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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
| 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 the companys WACC?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| WACC | % |
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
