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Tobin's Barbeque has a bank loan at 10% interest and an after-tax cost of debt of 4%. What will the after-tax cost of debt be

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Tobin's Barbeque has a bank loan at 10% interest and an after-tax cost of debt of 4%. What will the after-tax cost of debt be when the loan is due if a new Ioan is taken out yleiding 12%. Note: Do not round intermediate calculations, Round your answer to 2 decimal places. Multiple Choice 4.80% 9.85 225% None of these options are true Tobin's Barbeque has a bank loan at 10% interest and an after-tax cost of debt of 4%. What will the after-tax cost of debt be when the loan is due if a new Ioan is taken out yleiding 12%. Note: Do not round intermediate calculations, Round your answer to 2 decimal places. Multiple Choice 4.80% 9.85 225% None of these options are true

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