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Calculate the after-tax cost of debt for the Wallace Clinic, a for-profit healthcare provider, assuming that the coupon rate set on its debt is 11

Calculate the after-tax cost of debt for the Wallace Clinic, a for-profit healthcare provider, assuming that the coupon rate set on its debt is 11 percent and its tax rate is

a. 0 percent

b. 20 percent

c. 40 percent

What is the after-tax cost of debt?

Please post your response in the following format: xx.x%

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