Avicorp has an interest expense of $7 million per year in perpetuity and the present...
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Accounting
Avicorp has an interest expense of $7 million per year in perpetuity and the present value of its 5% 6% 8% 000 7% 4% 5 debt is $140 million. Assuming that the debt of Avicorp is risk-free and the firm faces a 20% tax rate, what is its after-tax cost of debt
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