7. Chapter MC, Section .09, Problem 010 Kenny Electric Company's noncallable bonds were issued several years ago and now have 20 years to maturity. These bonds have a 9.25% annual coupon, paid semiannually, sells at a price of $1,075, and has a par value of $1,000. If the firm's tax rate is 25%, what is the component cost of debt for use in the WACC calculation? Ca. 6.35% Ob. 6.03% Oc. 6.67% Od. 5.44% Oe. 5.73%