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Summit Builders has a market debt-equity ratio of 1.05, a corporate tax rate of 35%, and pays 7% interest on its debt. By what amount

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Summit Builders has a market debt-equity ratio of 1.05, a corporate tax rate of 35%, and pays 7% interest on its debt. By what amount does the interest tax shield from its debt lower Summit's WACC? WACC is lowered by %. (Round to two decimal places.)

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