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the question was answered wrong by you guys. please help me with the right answer Score: 0 of 1 pt 3 of 6 (4 completo)

the question was answered wrong by you guys. please help me with the right answer image text in transcribed
Score: 0 of 1 pt 3 of 6 (4 completo) HW Score: 63.64%. 7 of 11 pts P14-9 (similar to) Question Help (Cost of debt) Temple-Midland, Inc. is issuing a $1,000 par value bond that pays 7.6 percent annual interest and matures in 15 years. Investors are wiling to pay $949 for the bond and Temple faces a tax rate of 18 percent. What is Temple's after-tax cost of debt on the bond? The after-tax cost of debt is 6.69%. (Round to two decimal places.)

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