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Homework answers / question archive / Assuming a tax rate of 21%, the after-tax cost of interest expense of $1,010,000 is

Assuming a tax rate of 21%, the after-tax cost of interest expense of $1,010,000 is

Finance

Assuming a tax rate of 21%, the after-tax cost of interest expense of $1,010,000 is

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Computation of After-tax Cost of Interest Expense:

 After-tax Cost of Interest Expense = Interest Expense*(1-Tax Rate)

= $1,010,000*(1-0.21)

= $797,900

So, After-tax Cost of Interest Expense is $797,900.

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