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A company's 6% coupon rate, semiannual payment is $1,000 par value bond that matures in 30 years sells at a price of $515.16. The company's

A company's 6% coupon rate, semiannual payment is $1,000 par value bond that matures in 30 years sells at a price of $515.16. The company's federal-plus-state tax rate is 40%.

What is the firm's after-tax component of debt for purposes of calculating the WACC?

(Hint: Base your answer on the nominal rate)

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