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Mullineaux Corporation has a target capital structure of 49 percent common stock, 6 percent preferred...

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Finance

Mullineaux Corporation has a target capital structure of 49 percent common stock, 6 percent preferred stock, and 45% corporate bond. Its cost of equity is 17.8 percent, the cost of preferred stock is 9.7 percent, and the before-tax cost of debt is 8.5 percent. What is the WACC given a tax rate of 21 percent? : 12.33% 10.89% 12.43% 11.24% 10.35%

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