Assume appropriate tax rate for Kim is 21.68%.  Compute the Weighted Average Cost of Debt on an after-tax basis for Kim.  State your answer in percentage form but leave out the "%" sign and round to the nearest basis point.  Hence, 14.956712% would be written as 14.96 in this problem.

 

60 Month Beta Notes and Debentures Industrial Development Revenue Bonds Bank Loans Total Ke Interest Bearing Debt Effective Income Tax Rate for Kim MVL MVE my firm rf beta mrp in problem $ Fair Value Millions 6,749 1,800 54 in problem Effective Interest Rate 3.50% 2.90% 6.80% rate W w*r