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Water and Power Company (WPC) can borrow funds at an interestrate of 7.30% for a period of four years. Its marginalfederal-plus-state tax rate is 25%.

Water and Power Company (WPC) can borrow funds at an interestrate of 7.30% for a period of four years. Its marginalfederal-plus-state tax rate is 25%. WPCâ??s after-tax cost of debt is(rounded to t 1 answer

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