What is the after-tax interest rate of the company

Reference no: EM131959281

Question: A company's current balance sheet shows three different types of long-term debt. One is $30,000 at the interest rate of 15%; another is $50,000 at 8%. The last one is $20,000 at 6%. If the company's income tax rate is 35%, what is the after-tax interest rate of this company on its entire debt? (Present your answer to the first decimal as in #. #). Please do not put %. Just put the number (for example, 1.0 for 1.0%)

Reference no: EM131959281

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