can you please help with part "2" , and how would I enter that on a BA Plus II calculator (first time using one Please don't forget answer

1. Western Gas & Electric Company (WGC) can borrow funds at an interest rate of 7.30% for a period of eight years. Its marginal federal-plus-state tax rate is 25%. WGCs after-tax cost of debt is 5.48% (rounded to two decimal places).

2. At the present time, Western Gas & Electric Company (WGC) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,555.38 per bond, carry a coupon rate of 11%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 25%. If WGC wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? (Note: Round your YTM rate to two decimal place.)

A 3.29%

B. 4.73%

c. 4.93%

D. 4.11%