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award: 1.00 point mJiFn'i'y;cFi'ER'f'Fi'i'''a'55lyiiifiE'i'i'6661'EI5'5y''i'ig'5556ffilial'66Ei'&'?iiiil'y sells for 111 percent of its face value. The company's tax rate is 35 percent. (Do not include the percent signs
award: 1.00 point m""JiFn'i'y";"cFi'ER'f'Fi"'i'''a"'5"5ly""iii\"fi"E'i'i'\"6661'EI""5'5"y''i'ig'5556f"filial"'66Ei'&"'?iiiil'y sells for 111 percent of its face value. The company's tax rate is 35 percent. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16)) Required: .7 7 a, (a) The pretax cost of debt is . 10.68 percent. (b) The aftertax cost debt is l 6.94-percent. (c) The rate is more relevant. Worksheet Difculty: Basic Learning Objective: 14-2 award : 1.00 point m"m""iSEi'KM"M'h'uft'uiia"'ti'g'j't'"Hbtid'u'i'tyfati'tE"6I'."'l't'66%?6f''du'iiy'is'"i'Tl'"'pi6i;"'a"it'Et of debt is 10 percent. If the tax rate is 31 percent, the company's WACC is l percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)) Worksheet Difficulty: Basic Learning Objective: 14-3
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