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Song Industries has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond Coupon Rate Price Quote

Song Industries has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below.
Bond Coupon Rate Price Quote Maturity Face Value
18.70%106.77 years $ 26,000,000
26.9093.710 years 32,000,000
38.40105.517.5 years 37,000,000
48.9095.327 years 52,000,000
If the corporate tax rate is 22 percent, what is the aftertax cost of the companys debt?

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