Mullineaux corporation has a target capital structure of 65, Financial Management

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Mullineaux corporation has a target capital structure of 65

Mullineaux Corporation has a target capital structure of 65 percent common stock and 35 percent debt. Its cost of equity is 13 percent, and the cost of debt is 10 percent. The relevant tax rate is 30 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: Mullineaux corporation has a target capital structure of 65

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Financial Management: Mullineaux corporation has a target capital structure of 65

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