2 MC algo 14-10 Weighted Cost Of Debt Great Lakes Packing has two bond issues outstanding The first issue has a coupon rate of 3.44 percent, a par value of $1000 per bond, matures in 5 years, has a total face value of $3.3 million, and is quoted at 106 percent of face value. The second issue has a coupon rate of 5.70 percent, a par value of $2,000 per bond, matures in 18 years, has a total foce value of $76 million, and is quoted at 92 percent of face value. Both bonds pay interest semiannually. The company's tax rate is 40 percent What is the firm's weighted average aftertax cost of debr? 5 BOR Multiple Choice References 302 2.80 40 29 Me