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Perpetua!cold Refrigeration Company (PRC) can borrow funds at an interest rate of 11.10% for a period of six years Its marginal federal-plus-state tax rate is

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Perpetua!cold Refrigeration Company (PRC) can borrow funds at an interest rate of 11.10% for a period of six years Its marginal federal-plus-state tax rate is 35%. PRC's after-tax cost of debt is places) (rounded to two decimal 6.14% 7.94% 7 22% 8.30%

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