Fashion Wear has bonds outstanding that mature in 12 years, pay interest annually, and have a coupon rate of 7.5 percent. These bonds have a face value of $1,000 and a current market price of $1, 060. What is the company's after tax cost of debt if its tax rate is 35 percent? 6.75% 7.5% 4.39% 4.88% 5.66%