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Home Q & A Board Other Fields Homework Help Business Accounting
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emanuell19 emanuell19
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Posts: 353
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6 years ago
Times Corporation, whose tax rate is 40%, has two sources of funds: long-term debt with a market value of $6,000,000 and an interest rate of 9%, and equity capital with a market value of $18,000,000 and a cost of equity of 11%. Times Corporation's after-tax cost of debt is ________.
A) 3.40%
B) 5.40%
C) 5.00%
D) 7.40%
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missnpmissnp
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Posts: 177
Rep: 23 0
6 years ago
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emanuell19 Author
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#2
6 years ago
White Heavy Checkmark Correct!
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