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Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.56 percent. a par value of $1.000. per bond,

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Great Lakes Packing has two bond issues outstanding. The first issue has a coupon rate of 3.56 percent. a par value of $1.000. per bond, matures in 5 years, has a total face value of $3.9 million, and is quoted at 106 percent of face value. The second ivue has a coupon rate of 6.18 percent, a par value of $2,000 per bond, matures in 24 years, has a total face value of 38.2 million, and is quoted at 94 percent of face value. Both bonds pay interest semiannually. The company's tax rate is 24 percent. What is the firm's weighted average aftertax cost of debt? 3.41%4.53%3.66%3.91%5.15%

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