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Find the after - tax cost of debt using the approximation formula: Debt: The firm can sell for $ 1 0 0 0 a 1
Find the aftertax cost of debt using the approximation formula:
Debt: The firm can sell for $ a year, $parvalue bond paying annual interest at a coupon rate. A flotation cost of of the par value is required.
The firm's tax rate is
Answer is I just need help plugging the numbers into the formula correctly.
If there is additional information needed, I will reupload the question with the requested info if I have it Thank you!
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