The Almost-There Corp. sold a $1,000 par value, noncallable bond several years ago that now has 10 years to maturity and a 7.00% annual coupon that is paid semiannually. The bond currently sells for $925. What is the before-tax cost of debt?

Group of answer choices

3.87%

4.05%

5.93%

6.15%

8.11%

Which of the following is correct?

Group of answer choices

The longer a project's payback period, the less desirable the project is normally considered to be by this criterion.

When a projects NPV is negative, it means the present value of revenues are below the present value of costs, and therefore its Profitability Index is below 1.

All of the above are correct.

None of the above is correct.