14. You want to estimate the before-tax cost of debt, rd, for Dragonfly Corp. The company has semi-annual coupon bonds outstanding with a market price of $1,105.00. The bonds have coupon interest rate of 12%, a face value of $1,000, and a maturity of 14 years. If flotation costs are 5%, what is Dragonflys before-tax cost of debt? Group of answer choices a. 11.28% b. 11.69% c. 11.03% d. 12.21% e. 12.71%