Question 1 (1 point) Use the information below to determine before-tax cost of debt financing of bond S. The Selling Price of the Bond (P) Number of Years to Maturity (n) Annual Coupon Rate, (paid annually) Par Value Before Tax Cost Floatation Costs of Debt Financing (%) Bond S $1,065 17 16.48% $1,000 $4.25 Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)