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P14-10 Taxes and WACC [LO3] SIxx AM Manufacturing has a target debt-equity ratio of 0.66. Its cost of equlty is 15 percent, and its cost

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P14-10 Taxes and WACC [LO3] SIxx AM Manufacturing has a target debt-equity ratio of 0.66. Its cost of equlty is 15 percent, and its cost of debt Is 11 percent. If the tax rate Is 34 percent, what is the company's WACC? 12.52% 11.92% 10.34% 9.89% 11.33%

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