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Summit Builders has a market debt-equity ratio of 0.40 and a corporate tax rate of 35 %, and it pays 6 % interest on its

Summit Builders has a market debt-equity ratio of 0.40 and a corporate tax rate of 35 %, and it pays 6 % interest on its debt. The interest tax shield from its debt lowers Summit's WACC by what amount?

WACC is lowered by what percentage?

(Round to two decimal places.)

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