Use the following data for the next 5 questions: Debt 64,000 bonds with a 5.0% coupon rate, payable annually, 15 years to maturity, selling at $1,050 per bond. Common Stock 684,000 shares of common stock outstanding. The stock sells for a price of $73 per share and has a beta of 0.84. Preferred Stock 250,000 preferred shares outstanding, currently trading at $55.53 per share; with an annual dividend payment of $5.91, Market The market risk premium is 21% and the risk free rate is 6% Tax Rate 28% What is the before tax cost of debt (R.)? (Answer as a percentage and round to 2 decimals) Select one: O a. 7.65% O b. 185% Common Stock 684,000 shares of common stock outstanding. The stock sells for a price of $73 per share and has a beta of 0.84. Preferred Stock 250,000 preferred shares outstanding, currently trading at $55.53 per share; with an annual dividend payment of $5.91, Market The market risk premium is 21% and the risk free rate is 6% Tax Rate 28% What is the before tax cost of debt (Ra)? (Answer as a percentage and round to 2 decimals) Select one: O a. 7.65% Ob. 1.85% Oc. 0.60 % O d.5.78 % Oe. 4.53%