1 pts Question 24 Advance, Inc. is trying to determine its cost of debt. The firm has a debt issue outstanding with 20 years to maturity that is quoted at 105 percent of face value. The issue makes semiannual payments and has a coupon rate of 9 percent annually. What is Advance's pretax cost of debt? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places tea, 32.100)