2. Dublin International Company's marginal tax rate is 30 percent. It can issue 3-year bonds with a coupon rate of 8.5 percent and par value of $100. The bonds can be sold now at a price of $98.20 each. The underwriters will charge $2 per bond in issue costs. Determine the appropriate after- tax cost of debt Dublin International should use in a capital budgeting analysis. A. 7.00% B. 3.85% C. 6.30% D. 5.74% 3. The major disadvantage of the NPV criterion is that it: A. requires detailed long-term forecasts of the incremental benefits and costs. B. deals with cash flows rather than accounting profits. c. does not facilitate the goal of maximising shareholder wealth. D. is insensitive to the true timing of benefits associated with a given project