Target debt–equity ratio, Miller Manufacturing has a target

Target debt–equity ratio

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Reference no: EM131189794

Miller Manufacturing has a target debt–equity ratio of .60. Its cost of equity is 14 percent, and its cost of debt is 8 percent. If the tax rate is 38 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.)

Reference no: EM131189794

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