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Summit Builders has a market debt-equity ratio of 0.85, a corporate tax rate of 35 %, and pays 6% interest on its debt. By what amount does the interest tax shield from its debt lower Summit's WACC? (Round answer two decimal places)
Financial Management, Finance
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Answer the following Question : Q.1. What Is Economics, and Why Is It Important? Q.2. How Economists Use Theories and Models to Understand Economic Issues.
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