Andalusian Limited (AL) can borrow funds at an interest rate of 9.70% for a period of four years. Its marginal federal-plus-state tax rate is 30%. AL's after-tax cost of debt is! (rounded to two decimal places) 7.81% 6.79% 5.77% At the present time, Andalusian Limited (AL) has 15-year noncal 7.47% with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,55538 peroohd, carry a coupon rate of 11%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 30%. If AL wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? 0 4.42% 0 3.84% 3,07% o 3.46%