Question 2 8 pts You want to calculate the cost of debt for a firm with bank debt and long-term bond outstanding. The $100 million revolving line of credit is priced at Libor + 250 basis points and with $50 million utilized. The company has a $150 million 5-year bond that pays interest semi-annually. The bond has an 8% coupon $1,000 par value and is currently priced at 98.5 as a percent of par. The Libor reference rate is currently 0.50%. What is the blended average cost of debt for the firm, 6.22% 3.71% 7.61% 7.03%