Imagine a firm with the first year FCF of $30M. You expect the FCFs to grow 1.58% per year indefinitely. This firm's capital structure is as follows: Debt represents 50% of the total capital. Equity represents 50% of the total capital and the cost of equity is 9.60%. The corporate tax rate is 20%. If the levered firm value (VL) is $600M, what is the (pre-tax) cost of debt? (Note: All answers are rounded to two decimals) \begin{tabular}{c} \hline 4.80% \\ \hline 4.95% \\ \hline 4.65% \\ \hline 4.30% \\ \hline 4.45% \end{tabular}