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Sixx AM Manufacturing has a target debtequity ratio of 0.55. Its cost of equity is 21 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 21 percent, and its cost of debt is 9 percent. If the tax rate is 32 percent, what is the company's WACC?

Multiple Choice

16.51%

12.82%

11.4%

14.93%

15.72%

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