Miller manufacturing has a target debtequity ratio of 60, Financial Management

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Miller manufacturing has a target debtequity ratio of 60

Miller Manufacturing has a target debt–equity ratio of .60. Its cost of equity is 15 percent, and its cost of debt is 4 percent. If the tax rate is 35 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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Financial Management: Miller manufacturing has a target debtequity ratio of 60

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Financial Management: Miller manufacturing has a target debtequity ratio of 60

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