D Question 7 1 pts Nine Point Industries is planning to issue $1,000 par value bonds. The bonds will have a coupon rate of 12 percent and will be sold at a market price of $980. The form will not incur any flotation costs. The bonds will mature in 20 years and interest payments will be made semi-annually. The company's marginal tax rate is 21%. What is the horm's after tax cost of debt financing? O 9.6996 O 13.12% O 12.00% O 12.27% 10.36%