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Schwartz Corporation has $311 million dollars of interest-bearing debt outstanding at the end of fiscal 2017 year. In addition, the company incurred $36 million dollars

Schwartz Corporation has $311 million dollars of interest-bearing debt outstanding at the end of fiscal 2017 year. In addition, the company incurred $36 million dollars of interest expense in 2017. If the company has a marginal tax rate of 35% calculate Schwartz cost of debt capital.

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