Turki Co. intends to finance its operations by issuing a 4-year bond of 15 million Euros with coupon rate of 6.5%. The treasurer of Turki thinks the Euro will appreciate from the current level of KD 0.36 to KD 0.37, KD 0.38, KD 0.41 and KD 0.43 over the next four years. What is the % cost of financing with this bond issue? Show all calculations.