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Danida Inc. has a target debt-equity ratio of 1.15. Its WACC is 7.5%, and the tax rate is 30%. If Danida's cost of equity is

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Danida Inc. has a target debt-equity ratio of 1.15. Its WACC is 7.5%, and the tax rate is 30%. If Danida's cost of equity is 12%, what is its pre-tax cost of debt? Multiple Choice 4.03% O 6.23% a 8.43% 7.33% O 5.13%

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