11. Sweet Carolina Company has 15,000 semiannual coupon bonds outstanding with 20 years left to maturity. Bonds are currently trading at $1,325 with a 8.5% coupon rate. The bonds have a $1,000 par value. Calculate the after-tax cost of debt given that the corporate tax rate is 35%. a) 1.87% b) 3.45% c) 3.73% Od) 2.87% e) 5.70%