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Given a firm with an interest rate on new debt of 13.5% and a marginal tax rate of 40%, calculate the firm's after-tax cost of
Given a firm with an interest rate on new debt of 13.5% and a marginal tax rate of 40%, calculate the firm's after-tax cost of debt.
Group of answer choices
13.5%
3.0%
8.1%
5.4%
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