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Sixx AM Manufacturing has a target debtequity ratio of 0.61. Its cost of equity is 16 percent, and its cost of debt is 12 percent.

Sixx AM Manufacturing has a target debtequity ratio of 0.61. Its cost of equity is 16 percent, and its cost of debt is 12 percent. If the tax rate is 34 percent, what is the company's WACC?

Multiple Choice

12.29%

11.07%

10.98%

12.94%

13.59%

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