A company needs to know its cost of debt. The company has a debt issue outstanding with 12 years to maturity that is quoted at 104.2 percent of a face value of $1,000. The issue makes semiannual payments and has a coupon rate of 6 percent annually. What is the aftertax cost of debt in percentage terms if the tax rate is 21 percent? (DO NOT INCLUDE THE \% SYMBOL IN YOUR ANSWER; 1 or 2 decimal places)