A firm's capltal structure consists of 30% long-term debt. At present, the company can ralse debt by selling 22-year bonds with a 10.76% annual coupon Interest rate. The firm Is In a 41.53% Income tax bracket. Its bonds generally require an average discount of 541 per bond and flotation costs of $33 per bond when being sold. Required: Calculate the firm's current after-tax cost of long-term debt. %{ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)