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P14-10 Taxes and WACC [LO3] 00 1 points Sixx AM Manufacturing has a target debt-equity ratio of 0.68. Its cost of equity is 16 percent,

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P14-10 Taxes and WACC [LO3] 00 1 points Sixx AM Manufacturing has a target debt-equity ratio of 0.68. Its cost of equity is 16 percent, and its cost of debt is 11 percent. If the tax rate is 31 percent, what is the company's WACC? References Multiple Choice 12.6% 10.99% 10.28% 11.97% 13.23%

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