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Miller manufacturing has a target debt-equity ratio of

Miller Manufacturing has a target debt-equity ratio of .45, Its costs of equity is 13 percent, and its cost of debt is 7 percent. If the tax rate is 34 percent what is the company's WAAC (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places).

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Finance Basics: Miller manufacturing has a target debt-equity ratio of

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