Target capital structure-what is the company wacc

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Johansen Corporation has a target capital structure of 80 percent common stock and 20 percent debt. Its costs of equity is 15 percent, and the cost of debt is 8 percent. The relevant tax rate is 35 percent.

What is the companys WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places)

Reference no: EM131620844

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