Galvatron Metals has a bond outstanding with a coupon rate of 6.4 percent and semiannual payments. The bond currently sells for $1,012 and matures in 12 years. The par value is $1,000 and the company's tax rate is 21 percent. What is the company's aftertax cost of debt? 3.13% O 5.78% O 6.45% 6.26% 4.94%

Galvatron Metals has a bond outstanding with a coupon rate of 6.4 percent and semiannual payments. The bond currently sells for $1,012 and matures in 12 years. The par value is $1,000 and the company's tax rate is 21 percent. What is the company's aftertax cost of debt? 3.13% 5.78% 6.45% 6.26% 4.94%