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A company borrows funds at an interest rate of 6% and has a marginal federal tax rate of 22%. What is the company's after-tax cost

A company borrows funds at an interest rate of 6% and has a marginal federal tax rate of 22%. What is the company's after-tax cost of debt? a. 1.3% b. 4.79. c. 16% d. 20.7W e. 28%

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