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Sixx AM Manufacturing has a target debt equity ratio of 0 . 4 0 . Its cost of equity is 1 3 percent, and its

Sixx AM Manufacturing has a target debtequity ratio of 0.40. Its cost of equity is 13 percent, and its cost of debt is 4 percent. If the tax rate is 38 percent, what is the companys WACC? (Round your answer to 2 decimal places. (e.g.,32.16))

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