The firms marginal tax rate is 40 what is the after-tax, Financial Management

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The firms marginal tax rate is 40 what is the after-tax

Black Hill Inc. sells $100 million worth of 13-year to maturity 11.40% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $979 for each $1,000 bond. The firm's marginal tax rate is 40%. What is the after-tax cost of capital for this debt financing?

Round the answer to two decimal places in percentage form. Write the percentage sign in the "units"

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Financial Management: The firms marginal tax rate is 40 what is the after-tax

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Financial Management: The firms marginal tax rate is 40 what is the after-tax

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