2. An overview of a firm's cost of debt The is the interest rate that a firm poys on any new debt financing. Perpetualcold Refigeration Company (PRC) can borrow funds at an interest rate of 9.70% for a period of five years. Its marginal federal-plus-state tax rate is 25%. pRCis after-tax cost of debt is (rounded to two decimal paces). At the present time, Perpetualcold Refrigeration Company (PRC) has 20-year noncallable bonds with a face value of 51,000 that are outstanding. These bohds have a cutrent market price of $1,181,96 per bond, carry a coupon rate of 13%, and distribute annual coupon payments, The company Incurs a federal-plus-state tax rate of 25%. If PRC wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (Note: Round your YTM rate to two decimal piace.) 9.27% 8.06%s. 9.67 6.45% 2. An overview of a firm's cost of debt The If the interest rate that a firm pays on any new debt financing. Perp mpany (PRC) can borrow funds at an interest rate of 9.7086 for a period of five years. Its marginal federal-plus-state tax ist of debt is (rounded to two decimal places). At the present time, Perpetualcold Refrigeration Company (PRC) has 20 -year noncallable bonds with a face value of 51,000 that are outetandingThese bonds have a current market price of 51,181.96 per bond, carry a coupon rate of 13%6, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 25%, If PRC wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (Note: Round your YTM rate to two decimal place.) 9.27% B.06xin 9.67% 6.45b4 2. An overview of a firm's cost of debt The is the interest rate that a firm pays on any new debt financing. Perpetualcoid Refrigeration Company (PRC) can borrow funds at an interest rate of 9.70% for a period of five years. Its marginal federal-plus-state tax rate is 25\%. PRC's after-tax cost of debt is (rounded to two decimal places). At the present time, Perpetuaicold Refrigera 7.28% pany ( PRC) has 20 -year-noncalfable bonds with a face value of s1,000 that are outstanding. These bonds have a current market price of 6.19% g per bond, carry a coupon rate of 13%, and distribute annual coupon payments. The company (rounded to two decimal pleces)? (Note:- federal-plus-state tox rate of 25%. 8.370. nts to lasue new debt, what would be a reasonable estimate for its ofter-tax cost of debt 9.274 8.06% 9.678 6.45%