Question
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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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
