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1. You are going through the books of accounts of your company and you notice that the post-tax cost of interest of the last secured
1. You are going through the books of accounts of your company and you notice that the post-tax cost of interest of the last secured loan via State Bank of India has been taken by your Finance Manager instead of cost of debt, in order to calculate WACC. He tells you not to worry about it as the two are interchangeable. What is your point of view on the same? (5 m)
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