I 14. Stern Manufacturing issued a 10-year, 12% semiannual bond 4 years back. The debt issue is currently priced at $900. The firm's marginal tax rate is 35%. What is Stern's after-tax component cost of debt? 11. Musical Charts just paid an annual dividend of $2.45 per share. This dividend is expected to increase by 3.3 percent annually. Currently, the firm has a beta of 1.09 and a stock price of $36 a share. The risk-free rate is 4.0 percent and the market rate of return is 12 percent. What is the cost of equity capital for this firm