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Use the relevant information contained on the Kims Debt. Assume appropriate tax rate for Kim...

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Use the relevant information contained on the Kims Debt. Assume appropriate tax rate for Kim is 24.68%. Compute the Weighted Average Cost of Debt on an after-tax basis for Kim. State your answer in percentage form but leave out the % sign and round to the nearest basis point. Hence, 14.956712% would be written as 14.96 in this problem.

Millions Market Value in problem Millions Book Value 194.00 Kim's Equity 60 Month Beta (per Yahoo Finance) in problem $ Interest Bearing Debt Notes and Debentures Industrial Development Revenue Bonds Bank Loans Fair Value Millions 6,749 1,800 54 Effective Interest Rate 3.50% 2.90% 6.80% Total Effective Income Tax Rate for Kim in problem rate W w*r MVL MVE my firm rf beta mrp

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