C

Pre-tax cost of debt

4.35%

4.50%

5.00%

5.50%

8.00%

12.00%

16.00%

16.00%

16.00%

16.00%

Adj Marginal Tax Rate

37.30%

37.30%

37.30%

37.30%

37.30%

31.68%

19.75%

16.31%

13.89%

12.10%

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