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Tulloch Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 13 percent, and its pretax cost of debt is 7 percent.

Tulloch Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 13 percent, and its pretax cost of debt is 7 percent. If the tax rate is 35 percent, what is the company's WACC? 12.0% 10.0% 13.0% 11.0%

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