Mullineaux Corporation Has A Target Capital Structure Of 41 Percent

Mullineaux Corporation has a target capital structure of 41 percent common stock, 4 percent preferred stock, and 55 percent debt. Its cost of equity is 19 percent, the cost of preferred stock is 6. 5 percent, and the pre-tax cost of debt is 7. 5 percent. What is the firm’s WACC given a tax rate of 34 percent?9. 87 percent 10. 43 percent 10. 77 percent 13. 38 percent 15. 17 percent

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