Jay's Bakery has a bond issue outstanding that matures in four years. The bonds pay interest semiannually. Currently, the bonds are quoted at $1023 and carry an annual coupon rate of 9 percent. What is the firm's after tax cost of debt if the tax rate is 35 percent? Group of answer choices 8.31% 8.66% 6.88% 4.63% 5.40%.