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Paisley Choi's Biogas Solutions has outstanding semiannual coupon bonds with a face value of $ 1 , 0 0 0 , a 1 0 %

Paisley Choi's Biogas Solutions has outstanding semiannual coupon bonds with a face value of $1,000, a 10% coupon rate, 25 years remaining until maturity, and a current market value of $842.38. If the companys tax rate is 25%, what is the after-tax cost of debt?
a.
0.05
b.
0.09
c.
0.06
d.
0.12

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