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a. 7.94 b. 7.22 c. 8.30 d. 6.14 Perpetualcold Refrigeration Company (PRC) can borrow funds at an interest rate of 11.10% for a period of

image text in transcribeda. 7.94

b. 7.22

c. 8.30

d. 6.14

Perpetualcold Refrigeration Company (PRC) can borrow funds at an interest rate of 11.10% for a period of five years. Its marginal federal-plus-state tax rate is 35%. PRC's after-tax cost of debt is (rounded to two decimal places)

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