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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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