Barney Corporations cost of debt financing is 7 percent. Its tax rate is 35 percent. Required: Calculate

Question:

Barney Corporation’s financing is 7 percent. Its tax rate is 35 percent.

Required:
Calculate the after-tax interest rate. (Note: Round answer to three decimal places.)
Cost Of Debt
The cost of debt is the effective interest rate a company pays on its debts. It’s the cost of debt, such as bonds and loans, among others. The cost of debt often refers to before-tax cost of debt, which is the company's cost of debt before taking...