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Summit Builders has a market debt-equity ratio of 0.65 and a corporate tax rate of 40%, and it pays 1 answer below » Summit Builders has a market debt-equity ratio of 0.65 and a corporate tax rate of 40%, and it pays 7% interest on its debt. The interest tax shield from its debt lowers Summit’s WACC by what amount? Sep 17 2015 01:54 PM
