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Assuming a tax rate of 30%, the after-tax cost of interest expense of $400,000 is: Multiple Choice $120,000. $280,000. $400,000. $240,000.

Assuming a tax rate of 30%, the after-tax cost of interest expense of $400,000 is:

Multiple Choice

  • $120,000.

  • $280,000.

  • $400,000.

  • $240,000.

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