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Key Motors has a cost of equity of 10.60% and an unlevered cost of capital of 11%. The company has $20,510 in debt that is

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Key Motors has a cost of equity of 10.60% and an unlevered cost of capital of 11%. The company has $20,510 in debt that is selling at par value. The levered value of the firmis $67,749 and the taxrate is 34%. What is the pretax cost of debt

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