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Mullineaux Corporation has a target capital structure of 85 percent common stock and 15 percent debt. Its cost of equity is 15 percent, and the

Mullineaux Corporation has a target capital structure of 85 percent common stock and 15 percent debt. Its cost of equity is 15 percent, and the cost of debt is 6 percent. The relevant tax rate is 30 percent. What is the companys WACC?

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