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Mullineaux Corporation has a target capital structure of 80 percent common stock and 20 percent debt. Its cost of equity is 15 percent, and the

Mullineaux Corporation has a target capital structure of 80 percent common stock and 20 percent debt. Its cost of equity is 15 percent, and the cost of debt is 8 percent. The relevant tax rate is 35 percent. What is Mullineauxs WACC?

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