Mullineaux Corporation has a target capital structure of 46 percent common stock, 5 percent preferred...
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Accounting
Mullineaux Corporation has a target capital structure of 46 percent common stock, 5 percent preferred stock, and the balance in debt. Its cost of equity is 15.8 percent, the cost of preferred stock is 8.3 percent, and the pre-tax cost of debt is 6.8 percent. What is the WACC given a tax rate of 23 percent?
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