Lannister manufacturing has a target debt equity ratio of, Financial Management

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Lannister manufacturing has a target debt equity ratio of

Lannister Manufacturing has a target debt equity ratio of .35. Its cost of equity is 14 percent, and its cost of debt is 5 percent. If the tax rate is 38 percent, what is the company’s WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %

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Financial Management: Lannister manufacturing has a target debt equity ratio of

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