Calculate the after-tax cost of debt for loans with the following effective annual interest rates and interest subsidy tax rates.

a. Interest rate, 10%; interest subsidy tax rate, 0%. b. Interest rate, 10%; interest subsidy tax rate, 22%. c. Interest rate, 10%; interest subsidy tax rate, 25%.

9-2. Calculate the after-tax cost of debt for loans with the following effective annual interest rates and interest subsidy tax rates. a. Interest rate, 10%; interest subsidy tax rate, 0%. b. Interest rate, 10%; interest subsidy tax rate, 22%. c. Interest rate, 10%; interest subsidy tax rate, 25%