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A firm's WACC is estimated to be 8.61%. Its cost of equity is 11.4% and it is subject to a 36% income tax rate. The
- A firm's WACC is estimated to be 8.61%. Its cost of equity is 11.4% and it is subject to a 36% income tax rate. The firm's debt-to-equity ratio is 0.25. What is the firm's after-tax cost of debt?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
