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Sixx AM Manufacturing has a target debt-equity ratio of 0.56. Its cost of equity is 16 percent, and its cost of debt is 10 percent.

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Sixx AM Manufacturing has a target debt-equity ratio of 0.56. Its cost of equity is 16 percent, and its cost of debt is 10 percent. If the tax rate is 34 percent, what is the company's WACC? Round to the nearest XX.XX%

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