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Q2. XYZ Ltd. has taken a term loan of Rs. 12 lakhs at an interest rate of 15% p.a. If the tax rate applicable to

image text in transcribed Q2. XYZ Ltd. has taken a term loan of Rs. 12 lakhs at an interest rate of 15% p.a. If the tax rate applicable to the company is 40%, the cost of the term loan is

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