Surve 0 Homework: Chapter 14 Homework Score: 0 of 1 pt 13 of 6 0 complete HW Score: 0%, 0 of 11 pts or P14-9 (similar to) Question Help (Cost of debt) Temple-Miand, Inc is issuing a $1.000 par value bond that paye 72 percent annual interest and matures in 15 years Investors are willing to pay $948 for the bond and Temple faces a tax rate of 30 percent. What is Temple's after-tax cost of debt on the bond? The ather-tax cost of debt is % (Round to two decimal places)