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Sixx AM Manufacturing has a target debtequity ratio of 0.57. Its cost of equity is 20 percent, and its cost of debt is 11 percent.

Sixx AM Manufacturing has a target debtequity ratio of 0.57. Its cost of equity is 20 percent, and its cost of debt is 11 percent. If the tax rate is 33 percent, what is the company's WACC?

Multiple Choice

14.64%
12.8%
16.19%
11.96%
15.41%

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