Problem $13-5$ Calculating WACC

Mullineaux Corporation has a target capital structure of $70$ percent common stock and $30$ percent debt. Its cost of equity is $11\mathrm{.}9$ percent, and the cost of debt is $6\mathrm{.}6$ percent. The relevant tax rate is $24$ percent. What is the company$$s WACC? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$Mullineaux Corporation has a target capital structure of $70$ percent common stock and

$30$ percent debt. Its cost of equity is $11\mathrm{.}9$ percent, and the cost of debt is $6\mathrm{.}6$ percent. The

relevant tax rate is $24$ percent. What is the company's WACC? $($Do not round

intermediate calculations and enter your answer as a percent rounded to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

WACC