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Posted: **Sun Jul 03, 2022 6:42 am**

: Summit Builders Has A Market Debt Equity Ratio Of 1 50 And A Corporate Tax Rate Of 21 And It Pays 6 Interest On Its D 1 (9.72 KiB) Viewed 11 times

Summit Builders has a market debt-equity ratio of 1.50 and a corporate tax rate of 21%, and it pays 6% interest on its debt. The interest tax shield from its debt lowers Summit's WACC by what amount? WACC is lowered by .76 %. (Round to two decimal places.) (…)