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Hansburg Industrial currently has a WACC of 11.6%. Hansburg is considering changing its capital structure from a D/E ratio of 1 to a D/E ratio

Hansburg Industrial currently has a WACC of 11.6%. Hansburg is considering changing its capital structure from a D/E ratio of 1 to a D/E ratio of .5. With the change, Hansburgs new beta will be 1.2. If treasury bills yield 2% and the expected market return is 11% and Hansburg pays no taxes, what is the new required return for debt? The answer is 9.16% but I do not know how to come to that answer.

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