3. Cost of debt Aa Aa The is the interest rate that a firm pays on any new debt financing. after-tax cost of debt before-tax cost of debt Omni Consumer Products Company (OCP) can borrow funds at an interest rate of 7.30% for a period of eight years. Its marginal federal-plus-state tax rate is 40%. OCP's after-tax cost of debt is places) (rounded to two decimal At the present time, Omni Consumer Products Company (OCP) has 20-year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,382.73 per bond, carry a coupon rate of 13%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 40%. If OCP wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? ? ? ? 6.11% 5.31% 6.37% 4.78%