Problem 14-22 Calculating the Cost of Debt [LO2] Ying Import has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the following table. Coupon Bond Rate Price Quote Maturity 1234 6.7% 106.66 5 years Face Value $ 47,000,000 8.2 115.22 8 years 42,000,000 7.9 113.77 15.5 years 62,000,000 7.5 103.01 25 years 69,000,000 13 If the corporate tax rate is 22 percent, what is the aftertax cost of the company's debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)