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Shadow Corp has no debt but can borrow at 6.9%. The firms WACC is currently 8.7%, and the tax rate is 23%. d2) If the

Shadow Corp has no debt but can borrow at 6.9%. The firms WACC is currently 8.7%, and the tax rate is 23%.

d2) If the firm converts to 40% debt, what will the company's WACC be? (Enter your answer as a percent rounded to 2 decimal places)

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