Revive Co. can borrow at any interest rate of 12.5% for a period of eight years. its marginal federal-plus- state tax rate is 30%. What is Revive's after-tax cost of debt? a. 7.5% b. 8.8% c. 12.5% d. 8.4%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 17P
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Hii expert please provide correct answer general Accounting question

Revive Co. can borrow at any interest rate of 12.5%
for a period of eight years. its marginal federal-plus-
state tax rate is 30%. What is Revive's after-tax cost
of debt?
a. 7.5%
b. 8.8%
c. 12.5%
d. 8.4%
Transcribed Image Text:Revive Co. can borrow at any interest rate of 12.5% for a period of eight years. its marginal federal-plus- state tax rate is 30%. What is Revive's after-tax cost of debt? a. 7.5% b. 8.8% c. 12.5% d. 8.4%
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