Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has 15 years to maturity and a 8.00% annual coupon that is paid semiannually. The bond currently sells for $930 and the companys tax rate is 25%. What is the component cost of debt for use in the WACC calculation? Do not round your intermediate calculations.

Group of answer choices

5.92%

5.83%

6.02%

6.64%

6.22%