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Koch has 25,000 30-year, 6.25% annual coupon bonds outstanding (par value of the bonds is $1,000). If the bonds currently sell for 102% of par

Koch has 25,000 30-year, 6.25% annual coupon bonds outstanding (par value of the bonds is $1,000). If the bonds currently sell for 102% of par and the firm pays an average tax rate of 28%, what will be the before-tax and after-tax component cost for debt?

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