5 6 70 90 100 110 120 130 140 150 160 170 180 190 209 210 220 27 28 290 23 30 24 25 26 Moving to another question will save this response. >> Question 24 10 points Save Answer The company issues 50,000 bonds with 54 coupon rate payable annually. All the bonds mature in 15 years and are currently selling at $1.050 per bond. The company has 1,000,000 shares of common stock outstanding. The stock sells at $65 per share and has a beta of 1.1. The company also has 150.000 preferred stock outstanding currently trading at 590 per share. The preferred stock pays an annual dividend of $6.50. The market risk premium is 79 and the risk free rate is 2.5%. The company has tax rate of 354. What is the after tax cost of debt for the company? 3.3.799 b. 3.50 6.2.949 0.4.79 Moving to another question will save this response Quo 2030 832 PM //