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Miller Manufacturing has a target debt–equity ratio of 0.64. Its cost of equity is 18 percent, and its cost of debt is 10 percent., ,Required:,If the tax rate is 34 percent, what is Miller’s WACC? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)), , Weighted average cost of capital % ,,

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