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Problem 13-6 Taxes and WACC Miller Manufacturing has a target debt-equity ratio of .50. Its cost of equity is 15 percent, and its cost of

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Problem 13-6 Taxes and WACC Miller Manufacturing has a target debt-equity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 4 percent. If the tax rate is 34 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 Hints References eBook & Resources Hint#1

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