Question: I need help with this question. Miller Manufacturing has a target debt-equity ratio of .35. Its cost of equity is 11.9 percent and its cost
I need help with this question.
Miller Manufacturing has a target debt-equity ratio of .35. Its cost of equity is 11.9 percent and its cost of debt is 6.6 percent. If the 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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