Question: Cookie Dough Manufacturing has a target debt - equity ratio of 0 . 5 . Its cost of equity is 1 5 per cent, and

Cookie Dough Manufacturing has a target debt-equity ratio of 0.5. Its cost of equity is 15 per cent, and its cost of debt is 11 per cent. What is the firm's WACC given a tax rate of 31 per cent?

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