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PLEASE SHOW ALL WORK!! 1. The Mountaineer Airline Company (MAC) has consulted with its investment bankers and determined that they could issue new debt with

PLEASE SHOW ALL WORK!!
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1. The Mountaineer Airline Company (MAC) has consulted with its investment bankers and determined that they could issue new debt with yield to maturity (YTM) of 8%. If Mountaineer' ' marginal tax rate is 30%, What is the after-tax cost of debt to MAC

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