Question 28 1 pts Afirm has outstanding debt paying annual coupons, with a coupon rate of 10%, and 8 years to maturity. The firm's bonds are currently trading at a price of $875.50 per $1000 face value. What is the firm's cost of debt if it has a tax rate of 27%? Round to 1 decimal place le 1.1 for 1.1%