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Tobin's Barbeque has a bank loan at 8% interest and an after-tax cost of debt of 6% What will the after-tax cost of debt be

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Tobin's Barbeque has a bank loan at 8% interest and an after-tax cost of debt of 6% What will the after-tax cost of debt be when the loan is due if a new loan is taken out yielding 14% (Do not round intermediate calculations. Round your answer to 2 decimal places.) Multiple Choice None of these options are true. 10.50% 5 7.95 15.55%

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