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Westbrook's Painting Co. plans to issue a $1,000 par value, 20-year noncallable bonds with a 7.00% annual coupon, paid semiannually trading now at $945.75. The
Westbrook's Painting Co. plans to issue a $1,000 par value, 20-year noncallable bonds with a 7.00% annual coupon, paid semiannually trading now at $945.75. The company's marginal tax rate is 40.00%, what it its after-tax component cost of debt used to calculate the WACC? O 1.51% O 4.52% O 7.53% O 3.01%
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