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Assuming a tax rate of 40%, the after-tax cost of interest expense of $1,000,000 is A. $1,000,000 B. $140,000 C. $600,000 D. $400,000

Assuming a tax rate of 40%, the after-tax cost of interest expense of $1,000,000 is

A. $1,000,000

B. $140,000

C. $600,000

D. $400,000

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