Raceways debt lowers its wacc by what amount

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Question: Raceway Products has a market debt-to-equity ratio of .60, a corporate tax rate of 21%, and pays 8% interest on its debt. The interest tax shield on Raceway's debt lowers its WACC by what amount?

Reference no: EM133558109

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Raceways debt lowers its wacc by what amount : Raceway Products has a market debt-to-equity ratio of .60, a corporate tax rate of 21%, and pays 8% interest on its debt. The interest tax shield on Raceway
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