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A company plans to issue a $1,000 par value, 20-year noncallable bond with a 7.25% annual coupon, paid semiannually. The company's marginal tax rate is

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A company plans to issue a $1,000 par value, 20-year noncallable bond with a 7.25% annual coupon, paid semiannually. The company's marginal tax rate is 35.00%, but the government is considering a change in the corporate tax rate to 25.00%. By how much would the component cost of debt used to calculate the WACC change if the new tax rate was adopted

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