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7. A company has a target debt-to-equity ratio of 1.36. Its WACC is 11.46%, and the tax rate is 35%. If the company's cost of

7. A company has a target debt-to-equity ratio of 1.36. Its WACC is 11.46%, and the tax rate is 35%. If the company's cost of equity is 17.66%, what is its pre-tax cost of debt?

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