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The Backwoods Lumber Co. has a debt-equity ratio of .47. The firm's required return on assets is 11.8 percent and its levered cost of equity

The Backwoods Lumber Co. has a debt-equity ratio of .47. The firm's required return on assets is 11.8 percent and its levered cost of equity is 14.23 percent. What is the pretax cost of debt? No taxes?

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