Mullineaux Corporation

by | Aug 8, 2021 | Accounting, Assignment, Economics

Mullineaux Corporation has a target capital structure of 49 percent common stock, 6 percent preferred stock, and 45 percent debt. Its cost of equity is 12 percent, the cost of preferred stock is 7.6 percent, and the cost of debt is 9.6 percent. The relevant tax rate is 31 percent. Mullineaux’s WACC is?

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