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Summit Builders has a marketdebt-equity ratio of 1.75 and a corporate tax rate of 21%, and it pays 9% interest on its debt. The interest

Summit Builders has a marketdebt-equity ratio of 1.75 and a corporate tax rate of 21%, and it pays 9% interest on its debt. The interest tax shield from its debt lowersSummit's WACC by whatamount?

WACC is lowered by ...............%. (Round to two decimalplaces.)

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