The following information is provided by Bethel Company: AED Project AProject B Project Project D Initial investment AED 438,000 AED 218,000 AED 560,000 516,000 PV of cash inflows AED 582,000 AED 388,000 AED AED 800.000 394.000 Payback period (years) 3.6 4.0 2.0 NPV of project AED 144,000 AED 170.000 AED (AED 240.000 122,000) 3.2 Calculate the profitability index for Project A. Answer: The Mountaineer Airline Company has consulted with its investment bankers and determined that they could issue new debt with a yield of 8%. If Mountaineer' marginal tax rate is 39%, what is the after-tax cost of debt to Mountaineer? (answer as a decimal number, not a %. For example, write 0.05 instead of 5%)