Cute Camel woodcraft Company (CCWC) can borrow funds at an interest rate of 7.30% for a period of five years. Its marginal federal-plus-state tax rate is 30%. CCWC's after-tax cost of debt is places) (rounded to two decimal At the present time, Cute Camel Woodcraft Company (CCWC) has a series of ten-year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,092.79 per bond, carry a coupon rate of 11%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 30%. If CCC wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)? 6.66% 5.33% 0 7.66% O 5.99%o