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A company wants to raise debt capital of Rs. 10 lakhs. The cost of debt (before tax) is 12% up to Rs. 2 lakhs, 15%

A company wants to raise debt capital of Rs. 10 lakhs. The cost of debt (before tax) is 12% up to Rs. 2 lakhs,

15% for 2 lakhs to 5 lakhs and 18% beyond that limit. Compute after tax cost of debt.

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