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Company W has issued $ 20,000,000 in 22% annual obligations with a maturity of five years. Issuance expenses are estimated at $ 1,000,000. If the
Company W has issued $ 20,000,000 in 22% annual obligations with a maturity of five years. Issuance expenses are estimated at $ 1,000,000. If the tax rate is 50%, and inflation in the coming years is 20%, what is the cost of this source of financing without considering and taking into account inflation?
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