Bond Yield and After-Tax Cost of Debt A company's 7\% coupon rate, semiannual payment, $1,000 par value bond that matures in 30 years sells at a price of $710,43, The campany's federal-plus: state tax rate is 30\%, What is the firm's after-tax component cost of debt for purposes of calculating the WaCC? (Hint: Base your answer on the nominal rate.) Round your answer to two decimal.places