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Galvatron Metals has a bond outstanding with a coupon rate of 5 . 7 percent and semiannual payments. The bond currently sells for $ 9

Galvatron Metals has a bond outstanding with a coupon rate of 5.7 percent and semiannual payments. The bond currently sells for $943 and matures in 19 years. The par value is $1,000 and the company's tax rate is 22 percent. What is the company's aftertax cost of debt?
Multiple Choice
4.48%
4.85%
2.90%
3.11%
5.13%

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