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COWCOR COPR has a market debt-equity ratio of 1.00 a corporate tax rate of 35% and pays 7% interest on its debt. By what amount

COWCOR COPR has a market debt-equity ratio of 1.00 a corporate tax rate of 35% and pays 7% interest on its debt. By what amount does the interest tac shield from its debt lower COWCOW's WACC?

WACC IS LOWERED BY ___%. (Round to two decimalplaces.)

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