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Polycorp's effective tax rate is 30%.Polycorp uses a bank overdraft, which has a variable rate of 9%.The limit is $1000000.What is Polycorp's before corporate tax
Polycorp's effective tax rate is 30%.Polycorp uses a bank overdraft, which has a variable rate of 9%.The limit is $1000000.What is Polycorp's before corporate tax cost of overdraft capital?What is it after corporate tax?
could you explain each process clearly with formula? Thank you.
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