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23. Simple Foods has a balance of long-term debt of $450,000, short-term debt of $50,000, total liabilities of $630,000, common equities of $800,000. The interest
23. Simple Foods has a balance of long-term debt of $450,000, short-term debt of $50,000, total liabilities of $630,000, common equities of $800,000. The interest expense is $44,000 and net income is $270,000. What is the company's after-tax cost of debt if the tax rate is 38 percent? * (1 Point) 5 percent 6 percent 6.5 percent 7.5 percent o None of the above
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