Calculate the cost of debt (before taxes) for a fim with a privately placed corporate bond with 5 years left to maturity. The bond was originally issued 5 years ago. The annual (fixed) interest expense is $17,500 and the book value of bank debt is $250,000. The firm's credit rating is currenty 888 . The 3 -year, 5 -year and 10 -year treasury bond yields-to-maturity are currently 1.90,3.10 and 3.40% respectively. N The ferens (betore tax) cont of oest is 6.00K e The fremis (cotore tax) cost of debt is 540N C. The fimis (before tax) coet of dobt is 7.00%