Explain why the after-tax cost of debt rather than the before-tax cost debt is used in calculating the weighted average of the cost of capitalHow has the financial industry been significantly transformed by the rise of financial technology (fintech) in recent years? Explore this impact across three key benefits that fintech brings to corporations in terms of financial services, offering specific examples of technologies or applications that have played a substantial role.

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The aftertax cost of debt is used in calculating the weighted average cost of capital WACC because interest payments on debt are taxdeductible expense... View the full answer