When calculating the cost of capital, why is it that the company only adjusts the cost of

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When calculating the cost of capital, why is it that the company only adjusts the cost of debt for taxes?

Cost Of Debt
The cost of debt is the effective interest rate a company pays on its debts. It’s the cost of debt, such as bonds and loans, among others. The cost of debt often refers to before-tax cost of debt, which is the company's cost of debt before taking...
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