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A firm has a weighted average cost of capital of 10.6 percent and a cost of equity of 13.1 percent. The debt-equity ratio is 0.65.

A firm has a weighted average cost of capital of 10.6 percent and a cost of equity of 13.1 percent. The debt-equity ratio is 0.65. Tax rate is 31%. What is the firm's cost of debt?

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