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Glenmark has a debt equity ratio of 0.40 and its WACC is 12.85%. Calculate its tax rate if the pre tax cost of debt is

Glenmark has a debt equity ratio of 0.40 and its WACC is 12.85%. Calculate its tax rate if the pre tax cost of debt is 8% and cost of equity is 11.5%. (Show your answers in percentage and do not include the percentage symbol.)

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