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The following information is available for three companies: Rope Co. $400,000 8% 35% Chain Co. $700,000 Face value of bonds payable Interest rate Income tax

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The following information is available for three companies: Rope Co. $400,000 8% 35% Chain Co. $700,000 Face value of bonds payable Interest rate Income tax rate Line Co. $600,000 6% 25% 7% 20% Required a. Determine the annual before-tax interest cost for each company in dollars. Answer is complete but not entirely correct. Rope Co Chain Co. Line Co $ $ Before-Tax Interest Cost 320,000 490,000 $ 360,000 $ b. Determine the annual after-tax interest cost for each company in dollars. R Answer is not complete. After Tax Interest Cost Rope Co Chain Co Line Co. c. Determine the annual after-tax interest cost for each company as a percentage of the face value of the bonds. (Round your answers to 1 decimal place.) After Tax Interest Cost Rope Co Chain Co Line Co

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