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Assume that Google's corporate tax rate is 30%. Also assume that Google's current pre-tax WACC is 6.5%. If Google were to issue sufficient debt at

Assume that Google's corporate tax rate is 30%. Also assume that Google's current pre-tax WACC is 6.5%. If Google were to issue sufficient debt at a pre-tax cost of 3.8% to give them a debt to value ratio of 0.48, then the Google's after-tax WACC in percent (rounded to two digits) is:

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