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ACME Co. is trying to compute its cost of debt financing. ACME has debt ioutstanding with 13 years to maturity and is priced at 105.2%

ACME Co. is trying to compute its cost of debt financing. ACME has debt ioutstanding with 13 years to maturity and is priced at 105.2% of par value. The bonds pay 6% coupon payments, semiannually. What is ACME's aftertax cost of debt if their corporate tax rate is 21%?

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