A firm incurs $50,000 in interest expenses each year.If the tax rate of the firm is 30%,what is the effective after-tax interest rate expense for the firm?
A)$27,000
B)$29,000
C)$32,000
D)$35,000
E)$39,000

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The Answer of A firm incurs $50,000 in interest expenses each year.If the tax rate of the firm is 30%,what is the effective after-tax interest rate expense for the firm?
A)$27,000
B)$29,000
C)$32,000
D)$35,000
E)$39,000

A Firm Incurs $50,000 in Interest Expenses Each Year