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Lannister Manufacturing has a target debt-equity ratio of

Finance

Lannister Manufacturing has a target debt-equity ratio of .55. Its cost of equity is 10 percent, and its cost of debt is 6 percent. If the tax rate is 21 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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