ebook Bond Yield and Alter Tax Cost of Debt A company's 7% coupon rate, semiannual payment, $1,000 par value bond that matures in 30 years sells at a price of $585.98. The company's federal-plus-state tax rate is 30%. What is the firm's after-tax component cost of debt for purposes of calculating the WACC? (Hint: Base your answer on the nominal rate.) Round your answer to two decimal places Check My Work (3 remaining) eBook H Problem Walk Through Cost of Preferred Stock with Flotation Costs Burnwood Tech plans to issue some $60 par preferred stock with a 5% dividend. A similar stock is selling on the market for $63. Burnwood must pay flotation costs of 5% of the issue price. What is the cost of the preferred stock? Round your answer to two decimal places