Cost of Debt Financing

Topple Corporation leases skyscrapers in cities throughout the world to large corporations. Topple's cost of debt financing is 9%, its cost of equity is 12%, and its tax rate is 35%.

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Brief Exercise 9-59 Cost of Debt Financing Topple Corporation leases skyscrapers in cities throughout the world to large corporations. Topple's cost of debt financing is 996, its cost of equity is 12%, and its tax rate is 35%. Required: Calculate the after-tax interest rate to four decimal places and then enter as a percentage (e.g. 0.0975 entered as 9.75%)