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Summit Builders has a marketdebt-equity ratio of 1.50 , a corporate tax rate of 35 %, and pays 8 % interest on its debt. By

Summit Builders has a marketdebt-equity ratio of1.50, a corporate tax rate of 35 %, and pays 8 % interest on its debt. By what amount does the interest tax shield from its debt lowerSummit's WACC?(Round to two decimal places)

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