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If the corporate tax rare is 30 percent, what is the Aftertax cost of the company's debt ? My answer of 2.5 is not correct,

If the corporate tax rare is 30 percent, what is the Aftertax cost of the company's debt ?

My answer of 2.5 is not correct, I need the correct answer please and thank you.

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value: 3.00 points Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate ce Quote 1056 8.60% 6.80 8 30 8.80 94.8 104.4 106.3 Maturity 6 years 9 years 16.5 years 26 years Face Value $26,000,000 46,000,000 51,000,000 66,000,000 3 Required It the corporate tax rate is 30 percent, what is the aftertax cost of the company's debt? (Do not round Intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g. 32.16).) Aftertax cost of debt 250 % check my work references refetences ebook&resources

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