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Sixx AM Manufacturing has a debt to debt plus equity (D/(D+E)) ratio of 0.25. Its cost of equity is 13 percent, and its cost of
Sixx AM Manufacturing has a debt to debt plus equity (D/(D+E)) ratio of 0.25. Its cost of equity is 13 percent, and its cost of debt is 7 percent. If the tax rate is 35 percent, what is the company's after-tax WACC?
(Please, put the WACC in percentages! If you get 0.1234 or 12.34% put in 12.34.)
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