Questions $31$: Based on the following what is Jumanji's tax rate. The company is engaged in a $6$ year project that is financed with debt that requires annual interest payments of $$20$ million$/$year$.$ Debt costs $8\%$ annually and the PV of the interest rate tax shield is $$27\mathrm{.}74$ million.

a$)25\%$

b$)30\%$

c$)33\%$

d$)35\%$

e$)40\%$

Question $32$: Jumanji Corp makes an investment of $$20,000$ today. Its debt costs $6\%$ and equity is $15\%.$ If its pre$-$tax WACC is $10\mathrm{.}5\%,$ how much did the firm borrow?

a$)$ $$8,000$

b$)$ $$10,000$

c$)$ $$12,000$

d$)$ $$14,000$

e$)$ $$20,000$