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A firm issues a 2 0 - year semi - annual coupon payment bond, which nets it $ 1 , 3 1 3 . 5

A firm issues a 20-year semi-annual coupon payment bond, which nets it $1,313.55. The coupon rate of the bond is 9.00%. The tax rate is 21%. What is the after-tax cost of debt?
A.8.99%
B.7.91%
C.6.99%
D.6.21%
E.5.53%
F.4.93%
G.4.38%
H.3.90%
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