KY BBQ issued 30-year, 7.5 percent annual bonds 10 years ago. The bonds currently sell at 105 percent of face value. What is the firm's aftertax cost of debt if the tax rate is 21 percent, if the flotation cost is 5%? KY BBQ issued 30-year, 7.5 percent annual bonds 10 years ago. The bonds currently sell at 105 percent of face value. What is the firm's aftertax cost of debt if the tax rate is 21 percent, if the flotation cost is 5%?

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