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P14-10 Taxes and WACC (LO3) Sixx AM Manufacturing has a target debt-equity ratio of 0.62. Its cost of equity is 16 percent, and its cost

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P14-10 Taxes and WACC (LO3) Sixx AM Manufacturing has a target debt-equity ratio of 0.62. Its cost of equity is 16 percent, and its cost of debt is 8 percent. If the tax rate is 31 percent, what is the company's WACC? Multiple Choice 95 120 . 9.5% 11399 O 12.59% 11.999 9.53%

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