Use the below information for this problem Debt Rating Average Debt Beta AAA AA 0.05 0.05 A 0.05 BBB 0.10 BB 0.17 B 0.26 CCC 0.31 Company ABC Corp. Market Value Market Value Coupon Yield to Tax Rate of Equity of Debt Equity Debt Rate of Maturity (Sm) (Sm) Beta Rating Bonds of Bonds $4,500 $3,500 1.2 CCC 6% 5.20% 21% Suppose the risk-free rate is 1.3% and expected market risk premium is 5.8%. The effective cost of debt for ABC Corp. is __%. Instruction: Type ONLY your numerical answer in the unit of percentage. % sign is already there. Round to the nearest two decimal places. E.g., if your answer is 10.136%, then input 10.14. 3.10