Determine the(after-tax)

Determine the(after-tax)

Determine the(after-tax) component cost of a $50 million debt issue that the Mattingly Corporation is planning to place with a large insurance company. Assume the company is subject to a 40% tax rate. This long-term debt issue will yield 12% to the insurance company.a. 4.8% b. 7.2% c. 12.0% d. none of the above(Show your work please) Thank you

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