2. You want to estimate the before-tax cost of debt, rd, for Jambalaya Corp. The company has semi-annual coupon bonds outstanding with a market price of $985.19. The bonds have an annual coupon interest rate of 14%, a face value of $1,000, and a maturity of 10 years. If flotation costs are 3%, what is Jambalaya's before-tax cost of debt? O a. 13.52% O b. 14.87% O c. 15.04% O d. 15.57%