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Western Gas & Electric Company (WGC) can borrow funds at an interest rate of 12.50% for a period of five years. Its marginal federal-plus-state tax

Western Gas & Electric Company (WGC) can borrow funds at an interest rate of 12.50% for a period of five years. Its marginal federal-plus-state tax rate is 25%. What is WGC's after-tax cost of debt?

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