Sixx am manufacturing has a target debt-equity ratio of, Ask an Expert

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Sixx AM Manufacturing has a target debt-equity ratio of .65. Its cost of equity is 15 percent, and its cost of debt is 9 percent. If the tax rate is 35 percent, what is the company's Weighted Average Cost of Capital (WACC)? Use the debt-equity ratio to find out the WACC.

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