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Problem 1 3 - 6 Taxes and WACC Brannan Manufacturing has a target debt - equity ratio of . 5 5 . Its cost of

Problem 13-6 Taxes and WACC
Brannan Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 11.5
percent, and its pretax cost of debt is 6.2 percent. If the tax rate is 25 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.,32.16.)
WACC
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