20. Simple Foods has a balance of long- term debt of $400,000, short-term debt of $50,000, total liabilities of $670,000, common equities of $900,000. The interest expense is $40,000 and net income is $250,000. What is the company's after-tax cost of debt if the tax rate is 38 percent?* (1 Point) 5 percent O 6 percent 6.5 percent 7.5 percent 7.9 percent