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Assume that effective tax rate for a company is Te = 22% If a company borrows 400,000 & at 10% annual interest rate with a

Assume that effective tax rate for a company is Te = 22% If a company borrows 400,000 & at 10% annual interest rate with a single lump sum (balloon) repayment after 5 years, what is the after-tax cost (rate) of debt capital

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