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Adel's Company's noncallable bonds were issued several years ago and now yield 7.6%. These bonds have a 8.7% annual coupon, paid semiannually, and has a

Adel's Company's noncallable bonds were issued several years ago and now yield 7.6%. These bonds have a 8.7% annual coupon, paid semiannually, and has a par value of $1,000. If the firm's tax rate is 20%, what is the after-tax cost of debt for use in the WACC calculation?

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