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Homework: Chapter_16 Sige Save Score: 0 of 1 pt 18 of 36 (10 complete) HW Score: 21.63%, 7.79 of 36 pts P 16-18 (similar to)

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Homework: Chapter_16 Sige Save Score: 0 of 1 pt 18 of 36 (10 complete) HW Score: 21.63%, 7.79 of 36 pts P 16-18 (similar to) Question Help Summit Builders has a market debt-equity ratio of 0.50, a corporate tax rate of 22%, and pays 7% interest on its debt. By what amount does the interest tax shield from its debt lower Summit's WACC? WACC is lowered by 0% (Round to two decimal places.)

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