The company has 100,000 bonds with an 11% coupon rate, payable semiannually, 23 years to maturity, selling at $1,201 per bond. The company also has 1,500,000 shares of common stock outstanding. The stock sells for a price of $73 per share and has a beta of 1.5 . Additionally, the company has 200,000 preferred shares outstanding, currently trading at $175 per share; with an annual dividend payment of \$2.17. The market risk premium is 7% and the risk free rate is 3.1%. The tax rate is 21%. Question 7 3 pts What is the afterntax cost of debt? 10.4360% 7.0528% 8.8479% 7.0433% 8.5510% The company has 100,000 bonds with an 11% coupon rate, payable semiannually, 23 years to maturity, selling at $1,201 per bond. The company also has 1,500,000 shares of common stock outstanding. The stock sells for a price of $73 per share and has a beta of 1.5 . Additionally, the company has 200,000 preferred shares outstanding, currently trading at $175 per share; with an annual dividend payment of \$2.17. The market risk premium is 7% and the risk free rate is 3.1%. The tax rate is 21%. Question 7 3 pts What is the afterntax cost of debt? 10.4360% 7.0528% 8.8479% 7.0433% 8.5510%