Ying Import hasseveral bond issues outstanding, each making semiannual interestpayments. The bonds are listed in the table below.
| Bond | Coupon Rate | PriceQuote | Maturity | Face Value |
| 1 | 8.60 | % | 106.1 | 6 | years | $ | 20,000,000 |
| 2 | 6.60 | | 94.3 | 9 | years | | 38,000,000 |
| 3 | 8.30 | | 104.9 | 16.5 | years | | 43,000,000 |
| 4 | 8.80 | | 94.7 | 26 | years | | 58,000,000 |
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If the corporate tax rate is 30 percent, what is the aftertax costof the company’s debt? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)
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Aftertax cost of debt ?
