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Market value of debt of YTU Co. is equal to market value of its equity. Company has no preferred stock. If cost of equity of

Market value of debt of YTU Co. is equal to market value of its equity. Company has no preferred stock. If cost of equity of the company is four times its before-tax cost of debt and weighted average cost of capital is 2.4 times its before-tax cost of debt, what must be the corporate tax rate?

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