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The following information is available for three companies: Face value of bonds payable Interest rate Income tax rate Required Rope Company $ 400,000 Chain

The following information is available for three companies: Face value of bonds payable Interest rate Income tax rate Required Rope Company $ 400,000 Chain Company Line Company $ 700,000 $ 600,000 8% 35% 7% 6% 20% 25% a. Determine the annual before-tax interest cost for each company in dollars.

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