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A firm has long-term debt of $3,258,000. If the firm's annual interest payment is $281,817, and its tax rate is 40%, what rate of interest

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A firm has long-term debt of $3,258,000. If the firm's annual interest payment is $281,817, and its tax rate is 40%, what rate of interest is this firm paying on its long-term debt? 7.6% 9.25% 6.5% 8.65%

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