15 PLEASE USE ONE OF THE FORMULAS PROVIDED

Cost of Common Equity kcs=PcsD1+g CostofPreferredEquitykps=PpsDivps Cost of Debt After-tax cost of debt = Yield-to-Maturity * (1 - tax rate ) Weighted Average Cost of Capital (WACC) Gin Co's bonds, which pay annual coupon interest at a rate of 6.5%, have a face value of $1,000 and mature in 11 years are currently trading for $1,025. If Gin Co is in the 21% tax bracket, what is its after-tax cost of debt