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A firm is 60.00% equity. It has a cost of equity of 13.00%, a pre-tax cost of debt of 7.00%, and a marginal tax rate

A firm is 60.00% equity. It has a cost of equity of 13.00%, a pre-tax cost of debt of 7.00%, and a marginal tax rate of 29.00%. What is the firm's after-tax cost of debt?

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