What is icus pretax cost of debt if the tax rate is 38


ICU Window, inc, is trying to determine its cost od debt. The firm has a debt issue outstanding with seven years to maturity that is quoted at 108 percent of face value. The issue makes semiannual payments and has an embedded cost of 6.1 percent annually. What is ICU's pretax cost of debt? If the tax rate is 38 percent, what is the after tax cost of debt? I need help with the steps to solve this in Excel

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Financial Management: What is icus pretax cost of debt if the tax rate is 38
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