24.)

Calculate the after-tax cost of debt using following bond information. A ten year bond has a 5 percent coupon rate and a $1000 face value. If the market value of the bond is $788, assuming that the bond makes annual coupon payments and the tax rate is 35%.

		4.09 %
		2.87 %
		8.19 %
		9.31 %
		5.32 %