Husky Enterprises recently sold an issue of $15-$year maturity bonds. The bonds were sold at a deep discount price of $$495$ each. After flotation costs, Husky received $$483\mathrm{.}10$ each. The bonds have a $$1,000$ maturity value and pay $$50$ interest at the end of each year. Compute the after$-$tax cost of debt for these bonds if Husky$$s marginal tax rate is $40$ percent. Use Table II and Table IV to answer the question. Round your answer to one decimal place.