Question: Can I have work shown step by step too? Thanks Keys Printing plans to issue a $1,000 par value, 20 -year noncallable bond with a

Can I have work shown step by step too? Thanks

Keys Printing plans to issue a $1,000 par value, 20 -year noncallable bond with a 7.00% annual coupon, paid semiannually. The company's marginal tax rate is 40.00%, but Congress is considering a change in the corporate tax rate to 25.00%. By how much would the component cost of debt used to calculate the WACC change if the new tax rate was adopted? Do not round your intermediate calculations. a. 0.85% b. 0.89% c. 0.98% d. 1.05% e. 1.09%

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