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Alpha Corp has issued 21 -year bonds that have an 7.60% coupon rate with semi-annual payments. The bonds currently sell for $643.85 and the company's

Alpha Corp has issued 21 -year bonds that have an 7.60% coupon rate with semi-annual payments. The bonds currently sell for $643.85 and the company's tax rate is 40%. What is the after-tax cost of debt that would be used in calculating the companies weighted average cost of capital?

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