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A firm uses only debt and equity in its capital structure. The firm's weight of equity is 70 percent. The firm's cost of equity is

A firm uses only debt and equity in its capital structure. The firm's weight of equity is 70 percent. The firm's cost of equity is 13 percent and it has a tax rate of 21 percent. If the firm's WACC is 11 percent, what is the firm's before-tax cost of debt?

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