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What is the after tax cost of debt on a $500000 loan given a 10% interest rate and 35% tax bracket? A) 6.5 B)7.46 C)9.22

What is the after tax cost of debt on a $500000 loan given a 10% interest rate and 35% tax bracket?

A) 6.5

B)7.46

C)9.22

D)8.15

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