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Filer Manufacturing has 6,129,424 shares of common stock outstanding. The current share price is $36.61, and the book value per share is $3.88. Filer Manufacturing

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Filer Manufacturing has 6,129,424 shares of common stock outstanding. The current share price is $36.61, and the book value per share is $3.88. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $50,736,859, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $70,938,242, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par. The most recent dividend was $0.68 and the dividend growth rate is 0.06 . Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 0.24 . What is Filer's aftertax cost of debt? Enter the answer with 4 decimals (e.g. 0.2345)

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