(Cost of debt) 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 $960. The coupon interest rate is 15 percent, and the bonds would mature in 16 years. If the company is in a 25 percent tax bracket, what is the after-tax cost of capital to Zephyr for bonds? Question content area bottom Part 1 The after-tax cost of capital to Zephyr for bonds is enter your response here%. (Round to two decimal places.)