To find the after-tax cost of debt for a corporation,one needs to multiply the before-tax cost of debt by (1 + T_c),where T_c = the corporate tax rate.

Name: To find the after-tax cost of debt for a corporation,one needs to multiply the before-tax cost of debt by (1 + T c ),where T c = the corporate tax rate.
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To find the after-tax cost of debt for a corporation, one needs to multiply the before-tax cost of debt by (1 - corporate tax rate), not (1 + corporate tax rate).

To Find the After-Tax Cost of Debt for a Corporation,one