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Sixx AM Manufacturing has a target debtequity ratio of 0.55. Its cost of equity is 14 percent, and its cost of debt is 9 percent.

Sixx AM Manufacturing has a target debtequity ratio of 0.55. Its cost of equity is 14 percent, and its cost of debt is 9 percent. If the tax rate is 40 percent, what is the companys WACC? (Round your answer to 2 decimal places. (e.g., 32.16))

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