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Explain why the after-tax cost of debt rather than the before-tax cost debt is used in calculating the weighted average of the cost of capitalHow
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The aftertax cost of debt is used in calculating the weighted average cost of capital WACC because interest payments on debt are taxdeductible expense...Get Instant Access to Expert-Tailored Solutions
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
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