(Answered) Miller manufacturing has a target debt-equity ratio of 061

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Miller Manufacturing has a target debt-equity ratio of 0.61. Its cost of equity is 18 percent, and its cost of debt is 11 percent.

If the tax rate is 32 percent, what is Miller's WACC? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

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