Miller manufacturing has a target debtequity ratio of 45, Financial Management

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Miller manufacturing has a target debtequity ratio of 45

Miller Manufacturing has a target debt–equity ratio of .45. Its cost 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 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: Miller manufacturing has a target debtequity ratio of 45

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