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The before-tax cost of debt for a firm, which has a marginal tax rate of 40 percent, is 12 percent. The after tax cost of

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The before-tax cost of debt for a firm, which has a marginal tax rate of 40 percent, is 12 percent. The after tax cost of debt is 7.2 percent 6.0 percent 12 percent 4.8 percent

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