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Please answer this question. Micro Spinoffs, Inc., issued 10-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today,

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Micro Spinoffs, Inc., issued 10-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,080. If the firm's tax bracket is 35%, what is its after-tax cost of debt? (Do not round intermediate calculations. Round your answer to 2 decimal places.) After-tax cost of debt %

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