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A company has a target debt-to-equity ratio of 1.38. Its WACC is 11.94%, and the tax rate is 37%. If the company's cost of equity
A company has a target debt-to-equity ratio of 1.38. Its WACC is 11.94%, and the tax rate is 37%. If the company's cost of equity is 18.14%, what is its pre-tax cost of debt? 11.53% 11.82% 12.12% 12.41% 12.71%
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