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The Inc.com Company has determined that it could issue $1,000 face value bonds with a 7% coupon (paid semi-annually) and a ten-year maturity, at $950

The Inc.com Company has determined that it could issue $1,000 face value bonds with a 7% coupon (paid semi-annually) and a ten-year maturity, at $950 per bond. If Inc.com's marginal tax rate is 22%, what is Inc.com's after-tax cost of debt?

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