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A firm is 67.00% equity. It has a cost of equity of 12.00%, a pre-tax cost of debt of 10.00%, and a marginal tax rate

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A firm is 67.00% equity. It has a cost of equity of 12.00%, a pre-tax cost of debt of 10.00%, and a marginal tax rate of 28.00%. What is the firm's after- tax cost of debt? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)

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