Debt 40,000 bonds with a 5.0% coupon rate, payable annually. 15 years to maturity. selling at $1,050 per bond. Common Stock 875,000 shares of common stock outstanding. The stock sells for a price of $71 per share and has a beta of 1.00. Preferred Stock 245.000 preferred shares outstanding, currently trading at $102.85 per share; with an annual dividend payment of $9.53. Market The market risk premium is 23% and the risk free rate is 7% What is the after tax cost of debt (Ra)? (Answer as a percentage and round to 2 decimals) Select one: a. 6.06 % Ob. 1.32 % O c. 6.79% O d. 3.62% O e. 1.50 %