12 Problem 12-22 Calculating the Cost of Debt (LO2) 71 points Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote Maturity Face Value 8.80% 106.8 4 years $27,000,000 2 700 936 7 years 31,000,000 3 8.50 1056 145 years 36,000,000 4 9.00 954 24 years 51,000,000 1 eBook Print it the corporate tax rate is 23 percent, what is the aftertax cost of the company's debt? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) References Aftertax cost of debt % Mic Gaw Hill Prev 12 of 12 SF Type here to search 8 o 3