QUESTION 19 BB-8 Electric Company's noncallable bonds were issued several years ago and now have 20 years to maturity. These bonds have a 9.25% annual coupon, paid semiannually, sells at a price of $1,095, and has a par value of $1,000. If the firm's tax rate is 20%, what is the component cost of debt for use in the WACC calculation? a. 6.62% O b. 6.35% O c. 5.40% O d. 5.80% O e. 6.10%