morate Finance 2 (GT_AGMNE009) The fact that the after-tax cost of debt is lower than the pretax cost of debt implicitly assumes that interest expense can be out of Select one: A. capitalized B.margined C expensed D. refinanced Which of the following adjustments should NOT be made when computing free cash flow from incremental earning Select one: A. subtracting increases in Net Working Capital B. adding depreciation C. adding all non-cash expenses D. subtracting depreciation expenses from taxable earnings