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3 pts Question 7 Firm A plans to issue a $1.000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The company's

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3 pts Question 7 Firm A plans to issue a $1.000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The company's marginal tax rate is 40.00%, but Congress is considering a change in the corporate tax rate to 30.00%. By how much would the after tax cost of debt (i.e., R. (1-T)) used to calculate the WACC change if the new tax rate was adopted? O 0.85% O 0.63% O 0.77% O 0.70% O 0.57% MacBook Pro

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