2. An everview of a firm's cost of debt Ta calculate the after-tax cest of debt, multiply the before-tax cost of debt by Omni Consumer Products Company (OCP) can borrow funds at an interest rate of 9.70% for a period of six years. Its marginal federal-plus-state tax rate is 25%,0. 0 's after-tax cost of debt is (rounded to two decimal places) At the present time, Omni Consumer Products Company (OCP) has 20 -year noncaliable bonds with a foce value of $1,000 that are outstanding These bonds have a current market price of \$1,181.96 per bond, carry a coupon rate of 13\%; and distribute anhual coupon payments. The company incurs a federal-pius-state tax rate of 25%. If OCP wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal pleces)? (Notei Round your YTM rate to twe decimal ploce.). 7.25% b. 66% 9.67% 9.37%