Debt 42,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond. Common Stock 739,000 shares of common stock outstanding. The stock sells for a price of $93 per share and has a beta of 1.87. Preferred Stock 188,000 preferred shares outstanding, currently trading at $102.45 per share; with an annual dividend payment of $9.13 Market The market risk premium is 15% and the risk free rate is 3% Tax Rate 29% What is the after tax cost of debt (Ra)? (Answer as a percentage and round to 2 decimals) Select one: a. 0.41 % b.4.78 % c. 6.62% d. 1.07 % e. 3.22%