2. An overview of a firm's cost of debt For which capital component must you make a tax adjustment when calculating a firm's weighted average cost of capital (WACC)? Debt Preferred stock Equity Omni Consumer Products Company (OCP) can borrow funds at an interest rate of 10.20% for a period of eight years. Its marginal federal-plus-state tax rate is 25%. OCP's after-tax cost of debt is (rounded to two decimal places) At the present time, Omni Consumer Products Company (OCP) has 15 -year noncallable bonds with a face value of \$1,000 that are outstanding. These bonds have a current market price of $1,555.38 per bond, carry a coupon rate of 11%, and distribute annual coupon payments. The company incurs a federal-plus-stote tax rate of 25%. If OCP wants to issue new debt, what would be a reasonable estimate for its after-tax coct of debt (rounded to two decimal ploces)? (Note: Round your YTM rate to two decimal place,) 4.93% 4.11% 4.73% 3.29%