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#7 Tobin's Barbeque has a bank loan at 9% interest and an after-tax cost of debt of 6% What will the after-tax cost of debt

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Tobin's Barbeque has a bank loan at 9% interest and an after-tax cost of debt of 6% What will the after-tax cost of debt be when the loan is due if a new loan is taken out yielding 12% (Do not round Intermediate calculations. Round your answer to 2 decimal places.) 8.00% 13.05% 5.45% none of these

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