#20 Bisousatoi Corporation needs RM5,000,000 for its business expansion in Singapore. The firm can raise funds by issuing bonds with a 10 percent coupons The bonds maturity is ten (10) years, and the floatation cost is 5 percent of the market value of RM950. The current tax bracket of the firm is 25 percent. Determine the after-tax cost of the bond. Answer 8.66 percent 15.57 percent 15 75 percent 3 71 percent