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Filer Manufacturing has 4,524,489 shares of common stock outstanding. The current share price is $68.14, and the book value per share is $3.13. Filer Manufacturing

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Filer Manufacturing has 4,524,489 shares of common stock outstanding. The current share price is $68.14, and the book value per share is $3.13. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $69,676,571, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $50,758,695, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par. The most recent dividend was $1.76 and the dividend growth rate is 0.04 . Assume that the overall cost of debt is the weighted average of that implicd by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 0.29 . What is Filer's aftertax cost of debt? Enter the answer with 4 decimals (e.g. 0.2345 ) Filer Manufacturing has 4,524,489 shares of common stock outstanding. The current share price is $68.14, and the book value per share is $3.13. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $69,676,571, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $50,758,695, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par. The most recent dividend was $1.76 and the dividend growth rate is 0.04 . Assume that the overall cost of debt is the weighted average of that implicd by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 0.29 . What is Filer's aftertax cost of debt? Enter the answer with 4 decimals (e.g. 0.2345 )

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