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Delta Limited Resources incurs an annual interest expense of $50,000. The firm's tax rate is 30%. Based on this information, the effective after-tax interest rate

Delta Limited Resources incurs an annual interest expense of $50,000. The firm's tax rate is 30%. Based on this information, the effective after-tax interest rate expense for the firm is: a. $29,000 b. $35,000 c. $32,000 d. $27,000

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