Cost of debo The Zephyr Corporation is contemplating a new investment to be financed 33 percent from debt. The firm could sell new $1,000 par value bonds at a net price of $945 The coupon Interest rate is 12 percent, and the bonds would mature in 12 years. If the company is in a 30 percent tax bracket, what is the after-tax cost of capital to Zephyr for bonds? The after a cost of capital to Zephyr for bonds is I (Round to two decimal places.)