Builtrite Furniture is considering sells bonds for a plant expansion. Currently, Builtrite believes that it could sell 15 year maturity, $1000 par value, 4 1/8% coupon bonds after flotation costs for $1055. If Builtrite is in the 34% marginal tax bracket, what is the after-tax cost for the bonds? Group of answer choices 2.39% 3.62% 3.96% 3.23%