Consider the following scenario (the given information is the same as in the previous question): suppose a company has 100 million common shares outstanding, and each share sells for $20. we have estimated that the shares have a beta of 1.25, the risk-free rate is 2%, and the expected market return is 6%. the marginal tax rate for this company is 35%. the company also has $1 billion of bonds outstanding and the yield to maturity on these bonds is 4%. the company has a target capital structure of 60% equity and 40% debt. it does not and will not issue preferred stocks in the future. what is the after-tax cost of debt for this company?

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it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

one of the appeals of a sole proprietorship is that business expenses are kept separate from your personal income tax return