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2.00 points Problem 12-22 Calculating the Cost of Debt [LO2] Ying Import has several bond issues outstanding. each making semiannual interest payments. The bonds are

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2.00 points Problem 12-22 Calculating the Cost of Debt [LO2] Ying Import has several bond issues outstanding. each making semiannual interest payments. The bonds are listed in the table below MaturityFace Value 4 years $22,000,000 7 years 36,000,000 41,000,000 24 years 56,000,000 Bond Coupon Rale Price Quole 8.80% 6.80 8.50 9.00 106.3 94.1 105.1 94.9 14.5 years If the corporate tax rate is 40 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Aftertax cost of debt -96

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