PHX Co.’s balance sheet reports total debt of $6,800 million…
PHX Co.’s balance sheet reports total debt of $6,800 million on 12/31/2024 and $5,800 million on 1/1/2024, respectively. In 2024, its interest expense is $315 million, and tax rate is 20%. What is PHX Co.’s cost of debt capital in 2024?
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