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Sixx AM Manufacturing has a target debt-equity ratio of 0.30. Its cost of equity is 12 percent, and its cost of debt is 7 percent.

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Sixx AM Manufacturing has a target debt-equity ratio of 0.30. Its cost of equity is 12 percent, and its cost of debt is 7 percent. If the tax rate is 34 percent, what is the company's WACC? (Round your answer to 2 decimal places. (e.g., 32.16)) WACC 12.62 X %

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