Use the following data for the next 5 questions Debt 42,000 bonds with a 5.0% coupon rate, payable annually. 15 years to maturity, selling at $1,050 per bondi. Common Stock 739,000 shares of common stock outstanding. The stock sells for a price of 593 per share and has a beta of 187 Preferred Stock 188,000 preferred shares outstanding currently trading at $102.45 per share with an annual dividend payment of $9.13 Market The market risk premium is 15% and the risk free rate is 3% Tax Rate 29% What is the before tax cost of debt (R)? (Answer as a percentage and round to 2 decimals) Select one 6.238 % Oc 1.72% d: 609 793