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please answer asap?!?! Summit Builders has a market debt-equity ratio of 0.55, a corporate tax rate of 40%, and pays 8% interest on its debt.
please answer asap?!?!
Summit Builders has a market debt-equity ratio of
0.55,
a corporate tax rate of
40%,
and pays
8%
interest on its debt. By what amount does the interest tax shield from its debt lower Summit's WACC?
WACC is lowered by
nothing%.
(Round to two decimal places.)
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