Question 46 (1 point) The Canadian cost of debt for Moose Pastures Inc. (MPI) is 10.6% (pre-tax). The firm wants to issue debt in France, so it needs to estimate the after tax cost of debt in Euros. The risk free rate in Canada is 5%. In Europe, the risk free rate is 3%. The tax rate is 33.6% on all income, no matter where it is earned. If markets are internationally integrated, what is the cost of debt in France? 09.1% 11.7% 07% 4.2% 5%