Safari Company sold a 16 year $1,000 face value bond with a 12 percent coupon rate. Interest is paid annually. After flotation costs, Safari Company received $805.00 per bond. Compute the after-tax cost of debt for these bonds if the firm's marginal tax rate is 22 percent. (Hint: Ch12) Question 17 options: 15.33% 12.71% 11.96% 9.91%