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Muullineaux Corporation has a target capital structure of 7 0 percent common stock and 3 0 percent debt. Its cost of equity is 1 1

Muullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 11.3 percent and the cost of debt is 5.9 percent. The relevant tax rate is 23 percent. What is the companys WACC?

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