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A company with a tax rate of 35% borrows $150M from Lender A at a cost of 9% and $350M from Lender B at a
A company with a tax rate of 35% borrows $150M from Lender A at a cost of 9% and $350M from Lender B at a cost of 12%. What is the firm's aggregate cost of borrowing (a) before; and (b) after taxes?
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