2. An overview of a firm's cost of debt To calculate the after-tax cost of debt, multiply the before-tax cost of debt by (1T). Omni Consumer Products Company (OCP) can borrow funds at an interest rate of 10.20% for a period of five years. Its marginal federal-ptate tax rate is 35%. OCP's after-tax cost of debt is (rounded to two decimal places). At the present time, Omni Consumer Products Company (OCP) has 10 -year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,278.41 per bond, carry a coupon rate of 11%, and distribute annual coupon payments. The company incurs a decimal places)? 4.11% 5.48% 3.66% 4.57% Omni Consumer Products Company (OCP) can borrow funds at an interest rate of 10.20% for a period of five years. Its marginal federal-plus-state tax ate is 35%. OCP's after-tax cost of debt is (rounded to two decimal places). ederal-plus-state tax rate of 35%. If OCP w decimal places)? 4.11% 7.29% 5.48% 3.66%