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61. + [2.50( 35+= 61)] 50 ( 351-61-)] Rm - ft.35%. 61. + 72.5 78.5 3. The firm can sell for $1020, a 15- years,

61. + [2.50( 35+= 61)] 50 ( 351-61-)] Rm - ft.35%. 61. + 72.5 78.5 3. The firm can sell for $1020, a 15- years, $1000-par value bond paying annual interest at 7% coupon rate. The firm's tax rate is 15%. Calculate before-tax cost of debt [2 marks] 1000

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