Kenny Electric Company's noncallable bonds were issued several years ago and now have $20$ years to maturity. These bonds have a $9\mathrm{.}25\%$ annual coupon, paid semiannually, sells at a price of $$1,075,$ and has a par value of $$1,000.$ If the firm's tax rate is $30\%,$ what is the component cost of debt for use in the WACC calculation?