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Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent...

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Finance

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Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 12.9 percent, and the cost of debt is 7.6 percent. The relevant tax rate is 24 percent. What is the company's WACC? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC

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