Tulloch Manufacturing has a target debt-equity ratio of. 64. Its cost of equity is 14.6 percent, and its pretax cost of debt is 9.6 percent. If the tax rate is 34 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 11.38 %
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