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Page 11 of 11 hQ10) 5 marks Welling Inc. has a target debt-equity ratio of .66. Its WACC is 19.9%, and the tax rate is

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Page 11 of 11 hQ10) 5 marks Welling Inc. has a target debt-equity ratio of .66. Its WACC is 19.9%, and the tax rate is 35%. If Welling's cost of equity is 8%, what is its pre-tax cost of debt

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