PackMan company has $1 000 par value bonds outstanding with nine years to maturity and are currently priced at $754.08. Required: If the bonds have a coupon rate of 7.25%, then what is the approximate after-tax cost of debt for PackMan if its company tax rate is 30%? (round to the nearest 0.5%)? 8.28% 11.75% 12.095% O 7.225%