The dollar cost of debt for Healy$$ Consulting, a U$.$S$.$ research$$ firm, is $7\mathrm{.}73\%.$ The firm faces a tax rate of $38\%$ on all$$ income, no matter where it is earned. Managers in the firm need to know its yen cost of debt because they are considering launching a new bond issue in Tokyo to raise money for a new investment there. The$$ risk$-$free interest rates on dollars and yen are r Subscript $ Baseline equals $4\%$ and r Subscript yen Baseline equals $0\mathrm{.}9\%,$ respectively. Healy Consulting is willing to assume that capital markets are internationally integrated and that its free cash flows are uncorrelated with the$$ yen$-$dollar spot rate. What is Healy$$ Consulting's after$-$tax cost of debt in$$ yen? $($Hint$$: Start by finding the$$ after$-$tax cost of debt in dollars and then finding the yen$$ equivalent.$)$

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Part $1$

The$$ after$-$tax cost of debt in Yen is

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enter your response here$\%.($Round to three decimal$$ places.$)$