Question 1 1 pts To help finance a major expansion, Miami Development, Inc. sold a noncallable bond several years ago that now has 10 years to maturity. This bond has a 9.50% annual coupon, pald semiannually, it sells at a price of $1,125, and it has a par value of $1,000. MDI's marginal tax rate is 28.00% and new bonds have 3% flotation costs. What component cost of debt should be used in the WACC calculation? Note: Enter your answer rounded off to two decimal points. Do not enter 95 in the answer box. For example, if your answer is 0.13456 or 13.45696 then enter as 13.46 in the answer box