Gamet, Inc, has a target debt-equity ratio of 0.36 . Its WACC is 11.1.pdf

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Gamet, Inc, has a target debt-equity ratio of 0.36 . Its WACC is 11.1%, and the tax rate is 33% If Garnet's cost of equity is 14%, what is its pretax cost of debt? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations). Topic: WACC.

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