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A company has a target debt-to-equity ratio of 1.39. Its WACC is 12.18%, and the tax rate is 38%. If the company's cost of equity
A company has a target debt-to-equity ratio of 1.39. Its WACC is 12.18%, and the tax rate is 38%. If the company's cost of equity is 18.38%, what is its pre-tax cost of debt? Question 6 options: 11.21% 11.52% 11.83% 12.14% 12.45%
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