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CP Inc. is considering leasing a new piece of equipment. They have determined their WACC is 16.4%, their marginal tax rate = 33% and their
CP Inc. is considering leasing a new piece of equipment. They have determined their WACC is 16.4%, their marginal tax rate = 33% and their before tax cost of debt = 7.4%. The appropriate discount rate for the NAL analysis = ______%
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