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Click "Verify" to proceed to the next part of the question. GHI Company has existing debt issued three years ago with a coupon rate of 6%. The firm just issued new debt at par with a coupon rate of 5%. What is GHI Company's pre-tax cost of debt? Enter your answer as a percentage. Do not include a percent sign in your answer. Enter your response below. Peaceful Cruises wants to build a new cruise ship that has an initial investment of $200 million. It is estimated to provide an annual cash flow over the next 20 years of $27 million per year. The discount rate is 11%. What is the discounted payback period? Enter your answer rounded to two decimal places

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