Cost of debt using the approximation formula For the following S1,000-par-value bond, assuming annual fuerest payment and a 24% tax rate, calculate the after-tax cost to maturity using the approximation formula. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Discount (-) or Coupon Life Underwriting fee premium (+) interest rate $15 $50 8% The after-tax cost of financing using the approxima formula is % (Round to two decimal places.) 20 years Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check