neck my work mode: This shows what is correct or incorrect 10 the Problem 11-3 Cost of Debt (LG11-3) Oberon, Inc., has a $40 million (face value) 8-year bond issue selling for 99 percent of par that pays an annual coupon of 8 40 percent What would be Oberon's before-tax component cost of debt? (Round your answer to 2 decimal places.) 8.48 % Cost of debt raw