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(Solution Download) Mullineaux Corporation has a target capital structure of 64 percent common stock, 9 percent preferre


 

 

 

 

 

 

 

Mullineaux Corporation has a target capital structure of 64

 

percent common stock, 9 percent preferred stock, and 27 percent

 

debt. Its cost of equity is 12.9 percent, the cost of preferred

 

stock is 5.9 percent, and the cost of debt is 7.6 percent. The

 

relevant tax rate is 40 percent.

 

 

 

 

 

 

 

 

 

 

 

 

 

Required:

(a)

 

What is MullineauxAc??cs WACC? (Do not

 

round intermediate calculations. Enter your answer as a percentage

 

rounded to 2 decimal places (e.g.,

 

32.16).)

 

 

 

 

 

 

 

 

 

  WACC%

 

 

 

 

 

 

 

 

(b)

 

What is the aftertax cost of debt? (Do

 

not round intermediate calculations. Enter your answer as a

 

percentage rounded to 2 decimal places (e.g.,

 

32.16).)

 

 

 

 

 

 

 

 

 

  Aftertax cost of

 

debt

%

 


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