11.4 perform the answer correctly, the finance department check has been giving my answers incorrect.

(Cost of debt) Temple-Midland, Inc is issuing a \$1,000 par value bond that pays 7.9 percent annual interest and matures in 15 years investors are willing to pay $955 for the bond and Temple faces a tax rate of 30 percent. What is Temple's after-tax cost of debt on the bond? The after-tax cost of debt is % (Round to two decimal places.)